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-H/f 

c*^^eK Government 






''/ 



TATISTICAL SUMMARY 

■ BANK OF CANADA 



II 



in 



IV 

v 

VI 

VII 

VIII 

IX 

X 

XI 

XII 

XIII 
XIV 



Tables 
Bank of Canada : 

Assets and Liabilities 



Charts 



Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation 
Cash in Canada and Canadian Deposits 

Canadian Deposits 

Canadian Deposits, Loans and Dom.-Prov. Securities 

Annual Classification of Demand and Notice Deposits 

Public Demand and Notice Deposits in Canada 

Annual Classification of Loans in Canada .... 
Current Loans to the Public in Canada 



Security Prices: 

Govt. Securities, Payable in Canada only .... 

Yields of Dom. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S.A. 

Yields of Govt. Bonds, Canada, U.K. and U.S.A. 

Bond Issues and Retirements 



Bonds Outstanding 

Financial Statistics of 678 Companies 

Population Gainfully Occupied 

Percentage Increase, by Decades, in Population Gainfully 

Business Activity 



Wholesale Prices 

Central Electric Stations 

Installed Capacity and Output 

Steam Railways : Revenue Freight Loaded 

Revenue Freight Loaded 

Newsprint: North America 

Newsprint: North A merica . 

Merchandise Exports: Commodity Classification 
Mineral Production 



Occupied 



Pages 
1 - 2 

3 -4 
1 
2 

3 
4 
5 
5 
6 
6 

7 

7 



9 - 10 
10 

11 



12 

12 

13 

13 

14 
14 

15 
15 

16 
16 

17 

18 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa 



DEC. 1944 - JAN. 1945 



Millions of Dollars 



DtX. 1944 - JAW. VM 

i— a: 











LIABILITIES 










Chartered Bank Cash 


Govt. 
Deposits 


Other (I, 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 
Other 

Accounts 


Ita 

Aiet 
•r 
Lia li 




Notes 
in Tills 


Deposits 

at 
R. of C. 


Total 


Average of 


















Month-end Figures 


















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


50.1 


6.6 


:to 


1936-12 Mths. 


38.3 


186.8 


225.1 


20.3 


.9 


66.9 


9.2 




1937 


46.2 


193.7 


239.9 


24.3 


1.1 


94.9 


13.2 




1938 


51.4 


200.7 


252.1 


21.2 


2.2 


109.7 


12.8 


:»8 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


129.3 


11.0 


<-S 


1940 


70.2 


217.2 


287.3 


42.4 


8.5 


206.9 


15.7 


. i 


1941 


86.4 


221.9 


308.3 


55.7 


6.7 


320.0 


19.5 


;o 


1942 


100.2 


240.2 


340.4 


50.2 


17.2 


472.0 


22.6 


!2 


1943 


112.4 


300.4 


412.9 


47.6 


22.9 


661.0 


30.3 


1,14 


1944 


122.2 


404.7 


526.9 


41.2 


54.8 


821.3 


36.7 


1,« 


End of 


















1943— Aug. 


118.3 


308.6 


426.9 


59.7 


10.3 


678.4 


31.0 


1,2C 


Sept. 


114.1 


305.7 


419.8 


36.2 


11.4 


701.0 


29.1 


1,17 


Oct. 


114.0 


339.2 


453.2 


88.9 


15.6 


722.6 


31.7 


1,22 


Nov. 


127.2 


360.6 


487.8 


66.1 


16.1 


717.4 


33.6 


1,21 


Dec. 


122.9 


340.2 


463.1 


20.5 


17.8 


751.5 


55.4 


1,28 


1944— Aug. 


127.4 


432.5 


559.9 


53.9 


34.3 


833.0 


37.9 


1,58 


Sept. 


111.9 


454.8 


566.7 


21.9 


33.3 


870.9 


33.8 


1,56 


Oct. 


133.9 


454.3 


588.2 


76.9 


32.4 


878.6 


43.8 


1,69 


Nov. 


139.4 


437.2 


576.6 


10.8 


192.6 


868.4 


40.7 


1,69 


Dec. 


139.4 


401.7 


541.1 


12.9 


199.9 


896.6 


36.8 


1,67 



(1) Includes deposits payable in sterling. U.S.A. and foreign gold currencies shown under item 5 (a) of the Bank of Canada Statement since Nov. 30, 1944. 
the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and nece<* 



CHARTERED BANK CANADIAN DEPOSITS 8. ACTIVE NOTE CIRCULATION : 1940-44 



MILLIONS OF OOLLARS 



MILLIONS OF DOLLAR! 



6000 



5000 



4000 



3000 




OMJ SDMJ SDMJ SOMJ SDMJ 

1940 1941 1942 1943 1944 

* Bank of Canada notes in public circulation and chartered bank note circulation, including an approximate amount for the latter item .liter September 194 



DEC 


1944 - JAW. 1945 


















ZAN 



ADA 


















Millions of Dollars 








ASSETS 












t 




Reserve 






Securities 


Advances 


All 

Other 

Accounts 




d 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Under 


Dom.-Prov. 
Over 


Total' 2 ' 












% 


2 yrs. 


2 yrs. 






























Average of 
Month-end Figures 


.2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


1935-10 Mths. 


i.8 


1.8 


9.5 


191.1 


60.99 


38.3 


86.9 


125.2 


1.7 


4.5 


1936-12 Mths. 


.0 


2.5 


19.0 


203.5 


56.50 


59.7 


97.7 


163.9 


- 


' 5.9 


1937 


.2 


.8 


27.6 


209.6 


54.42 


123.6 


52.5 


181.1 


1.0 


6.3 


1938 


.8 


- 


41.7 


252.5 


57.72 


142.8 


46.2 


189.1 


.2 


6.7 


1939 






* 


* 


* 


* 


* 


* 








.3 


— 


36.1 


111.4 




326.6 


108.4 


435.1 


3.5 


11.0 


1940 




- 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




- 


18.8 


18.8 




791.2 


339.5 


1,130.6 


- 


25.2 


1943 




— 


44.1 


44.1 




831.1 


573.6 


1,407.1 


.4 


29.3 


1944 

End of 




- 


37.6 


37.6 




798.8 


340.8 


1,139.6 


- 


29.2 


Aug.— 1943 




- 


31.0 


31.0 




786.7 


360.7 


1,147.4 


- 


19.0 


Sept. 




- 


68.5 


68.5 




787.4 


434.0 


1,221.4 


- 


22.1 


Oct. 




- 


26.5 


26.5 




797.1 


466.7 


1,263.9 


.5 


30.1 


Nov. 




- 


.6 


.6 




787.6 


472.8 


1,260.4 


- 


47.3 


Dec. 




_ 


48.7 


48.7 




849.4 


593.8 


1,443.2 


— 


26.9 


Aug.— 1944 




- 


45.9 


45.9 




833.1 


625.5 


1,458.6 


- 


22.1 


Sept. 




- 


62.8 


62.8 




875.7 


622.9 


1,508.5 


- 


48.6 


Oct. 




- 


172.3 


172.3 




868.6 


618.9 


1,497.5 


1.5 


17.8 


Nov. 




— 


172.3 


172.3 




906.9 


573.9 


1,490.8 


— 


24.3 


Dec. 



Securities". *May 1940 and subsequent figures give effect to the enactment, under the War Measures Act, ot the Foreign Exchange Acquisition Order and 
, were sold to the Foreign Exchange Control Board, and the Bank's minimum gold reserve requirement was temporarily discontinued. 



CHARTERED BANKS: CASH IN CANADA^AND CANADIAN DEPOSITS : 1940-44 

1ILLIONS OF DOLLARS MI LLIONS OF DO LLARS 




J S 

1940 

See note (3) on page 3. 



J 
1941 



J 
1942 



M J 

1943 



J 
1944 



UtL<^. 1VH: - JAIN. 1V5 



II— CFil 



Millions of Dollars 





LIABILITIES 






Notes 


Deposits 


Cash 
in h) 


Securities 








Dom. 


Canadian 




Total ( 2 ) 


DOM.-PROV. 






Demand 


Time 


and Prov. 


Deposits* 


Foreign 


Deposits 


Canada 






Under 2 yrs. | Over 2 yrs. 


Average of 




















Month-end Figures 




















1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


718 


1940 


91 


875 


1,647 


227 


2,753 


430 


3,250 


287 


681 


630 


1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 


1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1-.598 


807 


1944 


37 


1,864 


2,273 


570 


4,686 


716 


5,531 


527 


1,842 


1,149 


End of 






















1943— Aug. 


47 


1,653 


1,916 


409 


3,940 


621 


4,681 


427 


1,579 


791 


Sept. 


47 


1,768 


1,989 


329 


4,062 


596 


4,786 


420 


1,763 


SOO 


Oct. 


46 


1,827 


1,961 


319 


4,089 


601 


4,805 


453 


1,784 


7S1 


Nov. 


44 


1,619 


1,883 


952 


4,427 


623 


5,174 


488 


1,671 


965 


Dec. 


43 


1,697 


1,948 


750 


4,356 


655 


5,149 


463 


1,664 


963 


1944— Aug. 


36 


1,894 


2,370 


403 


4,656 


723 


5,504 


560 


1,809 


1,184 


Sept. 


35 


1,974 


2,464 


288 


4,708 


732 


5,565 


567 


1,874 


1,204 


Oct. 


35 


2,144 


2,489 


323 


4,933 


729 


5,795 


588 


2,020 


1,232 


Nov. 


34 


1,813 


2,343 


1,064 


5.212 


736 


6,062 


577 


1,830 


1,392 


Dec. 


34 


1,862 


2,423 


852 


5,145 


74(1 


5,997 


541 


1,941 


1.288 















. 








1 



3- 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes am 

CHARTERED BANKS : CANADIAN DEPOSITS : 1940-44 



MILLIONS OF DOLLARS 



MILLIONS OF OOLLAF 



2500 



2000 




MJSDMJSOMJ 

1940 1941 1942 

* Chiefly Dominion and Provincial Government and Foreign Banks. 



M J S 

943 



O M J S D 

1944 



|DJSL. iyfi - jnm. iyta 



1 BANKS 












ASSETS 


'' 


Loans 


Total 

Assets 


CANADA 


ABROAD 


Call 


Current 
Public 


Current 

Other 


Call 


Current 


3 


140 


934 


87 


250 


261 


2,864 


9 


267 


1,343 


112 


301 


248 


3,528 


6 


117 


1,032 


165 


84 


172 


2,869 





55 


855 


133 


48 


145 


3,592 


9 


44 


969 


122 


44 


138 


3,707 


•7 


34 


1,091 


95 


44 


133 


4,008 


3 


29 


1,075 


80 


56 


127 


4,400 


4 


35 


1,053 


62 


81 


102 


5,149 


13 


62 


1,022 


44 


100 


114 


5,990 


1 


35 


1,063 


58 


76 


89 


5,155 


;i 


34 


989 


56 


79 


88 


5,264 





38 


985 


53 


76 


91 


5,267 


8 


43 


1,201 


58 


91 


99 


5,639 





48 


1,104 


53 


96 


100 


5,609 


18 


Gl 


966 


36 


99 


112 


5,970 





56 


939 


37 


114 


115 


6,043 


2 


56 


954 


38 


112 


117 


6,261 


6 


81 


1,231 


44 


91 


127 


6,528 


1 


92 


1,182 


29 


96 


130 


6,459 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in u) 
Canada 


Deposits 

(4) 


Canadian 
Deposits 


Note ( s) 
Circulation 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


269 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


538 


4,575 


11.8 


835 


1944 


425 


3,896 


10.9 


707 


Aug.- 1943 


439 


4,021 


10.9 


725 


Sept. 


443 


4,000 


11.1 


745 


Oct. 


484 


4,322 


11.2 


745 


Nov. 


468 


4,267 


11.0 


769 


Dec. 


546 


4,595 


11.9 


852 


Aug.- 1944 


573 


4,557 


12.6 


868 


Sept. 


585 


4,764 


12.3 


893 


Oct. 


595 


5,079 


11.7 


892 


Nov. 


575 


5,099 


11.3 


910 


Dec. 



res given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 

c of Canada notes in public circulation and chartered bank note circulation, including an approximate amount for the latter item after September 1944. 

/• // 3 

METERED BANKS : CANADIAN DEPOSITS, LOANS &. DOM.-PROV. SECURITIES : 1940 -44 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




5000 



4000 



3000 



2000 



1000 



Dh-L. 1944 - JAN. 19-f 



II— CH|R 

Dejrti 



ANNUAL CLASSIFICATION OF DEMAND AND NOTICE DEPOSITS 



As at 
October 31 


NUMBER 
Thousands 


AMOUNT 

Millions of Dollars 




1940 


1941 


1942 


1943 


1944 


194i 


1941 


1942 


1943 


1944 


Demand Deposits: 

$1,000 or less 
$1,000 to $5,000 
$5,000 to $25,000 
$25,000 to $100,000 
Over $100,000 
Adjustment Items 


616.7 

57.8 

14.4 

3.2 

1.1 


618.7 

64.7 

16.2 

3.8 

1.3 


616.5 

77.2 

20.0 

4.5 

1.7 


611.9 

94.3 

25.0 

5.1 

2.0 


602.1 

120.1 

29.4 

5.8 

2.2 


96.5 
120.5 

145.7 
152.4 
427.8 
-1.6 


105.2 
136.3 
164.2 
178.0 
550.2 
+ 1.5 


118.5 
163.5 
201.7 
213.6 
895.6 
+ 16.2 


132.7 
202.0 
252.2 
240.3 
983.6 
+ 16.0 


142.: 

259.C 

295.J 

268.1 

1,145.4 

+ 34.C 


Total Demand Deposits 


693.2 


704.8 


719.8 


738.3 


759.5 


941.3 


1,135.5 


1,609.1 


1,826.8 


2,144.5 


Notice Deposits 

$1,000 or less 
$1,000 to $5,000 
$5,000 to $25,000 
$25,000 to $100,000 
Over $100,000 
Adjustment Items 


3,846.1 

268.8 

34.7 

2.4 

.6 


3,951.6 

264.6 

31.3 

2.3 

.6 


4,055.0 

280.6 

31.2 

2.2 

.7 


4,280.4 

342.8 

35.8 

2.4 

.7 


4,588.0 

454.3 

47.4 

2.8 
.7 


461.2 
537.3 
299.1 
105.7 
190.7 
. +5.4 


496.3 
522.3 
272.5 
99.6 
195.6 
+ 5.4 


534.6 
548.8 
271.4 
98.9 
247.8 
+ 7.2 


617.3 
671.1 
308.9 
105.4 
250.8 
+ 7.7 


7o2.o 
880.2 
405.1 
122.C 
322.7 
+ 6.6 


Total Notice Deposits 


4,152.6 


4,250.4 


4,369.7 


4,662.1 


5,093.2 


1,599.5 


1,591.7 


1,708.7 


1,961.2 


2,488.9 



CHARTERED BANKS : PUBLIC DEMAND AND NOTICE DEPOSITS IN CANADA : 1935-44 



BILLIONS OF DOLLARS 



BILLIONS OF DOLLARS 



50 



40 



MONTH- END FIGURES 



oven | loo.ooo 

f 3000 - % 100,000 

UNOtn | 5Doo 




50 



Ur-L. iy** - j/un. ivto 



I BANKS 

■nance 



ANNUAL CLASSIFICATION OF LOANS IN CANADA 



Millions of Dollars 



As at October 31 



1940 



1941 



1942 



1943 



1944 



Provincial governments 

Municipal governments and school districts 

Agriculture : 

Farmers loans; cattle loans; fruit raisers 

Loans to grain dealers; grain exporters and seed merchants. 
Total Agriculture 



Financial : 
Call loans and other accommodation to brokers and dealers. . . 

Loans to specified institutions 

Loans to individuals against securities 

Total Financial 



Merchandising; wholesale and retail 

Manufacturers of and dealers in lumber; pulpwood and 

products thereof 

Other manufacturing of all descriptions 

Mining . 

Fishing; including loans to packers and curers of fish 

Public utilities; including transportation companies 

Loans to building contractors and others for building purposes. . . 
Loans to churches; hospitals; charitable and religious institutions 
Other loans 

Total Loans in Canada 



14.6 
99.6 

53.2 
235.9 
289.1 

39.9 

65.3 

102.2 

207.3 

139.1 

45.7 

198.0 

5.7 

7.3 

22.5 

52.1 

17.5 

86.3 



8.9 

78.1 

47.9 
292.4 
340.3 

37.7 

68.3 

108.1 

214.1 

155.6 

44.4 
245.0 
7.1 
10.7 
19.9 
50.4 
16.5 
84.0 



4.5 
66.3 

46.5 
293.6 
340.1 

26.8 

37.3 

83.7 

147.8 

123.1 

41.6 

213.9 

8.9 

9.6 

14.3 

49.4 

10.4 

76.2 



5.3 
48.0 

49.8 
245.9 
295.8 

39.4 

27.1 

100.0 

166.6 

100.0 

43.4 

259.4 

10.0 

8.3 
13.4 
45.5 

7.7 
74.4 



5.4 
33.2 

57.7 
209.3 
267.0 

56.8 

27.6 

125.0 

209.5 

122.2 

52.8 

201.6 

12.7 

11.6 

6.3 
39.0 

6.2 
82.0 



1,184.8 



1,275.1 



1,106.3 



1,077.8 



1,049.6 



CHARTERED BANKS : CURRENT LOANS TO THE PUBLIC IN CANADA: 1935-44 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



1500 



1200 




LitL. iy** - jm\. 1V4 



III— SECURITY PRICES 

Bank of Canada 







Dominion < 


)f Canada Bonds Payable in Canada Only 

Middle of the Market quotations 






Average of B 


usiness Days 


15th of Each Month 




3% Perpetuals 


Theoretical 

15 Year 

Bond 


Theoretical 

9 Year 

Bond 


Theoretical 

5 Year 

Bond 


Theoretical 
2 Year 
Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1938 


89.67 


3.35 


3.09 


2.76 


1.91 


1.13 


1939 


91.58 


3.28 


3.16 


2.90 


2.13 


1.54 


1940 


88.46 


3.39 


3.28 


2.95 


2.16 


1.48 


1941 


92.23 


3.26 


3.10 


2.92 


2.12 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.69 


2.14 


1.46 


Monthly 

1944— Feb. 


95.78 


3.13 


3.00 


2.71 


2.17 


1.48 


Mar. 


96.95 


3.09 


3.00 


2.69 


2.15 


1.46 


Apr. 


97.00 


3.09 


3.00 


2.68 


2.15 


1.45 


May 


97.00 


3.09 


3.00 


2.69 


2.15 


1.45 


June 


97.00 


3.09 


2.99 


2.68 


2.14 


1.45 


July 


97.00 


3.09 


2.99 


2.67 


2.14 


1.45 


Aug. 


97.12 


3.09 


2.99 


2.67 


2.12 


1.44 


Sept. 


97.25 


3.08 


2.99 


2.67 


2.10 


1.44 


Oct. 


97.25 


3.08 


2.99 


2.67 


2.10 


1.44 


Nov. 


97.19 


3.09 


2.99 


2.67 


2.10 


1.44 


Dec. 


97.25 


3.08 


2.99 


2.67 


2.08 


1.44 


1945— Jan. 


97.25 


3.08 


2.98 


2.65 


2.06 


1.42 



YIELDS OF DOMINION GOVERNMENT BONDS : 1938-45 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 




14% 



2.0% 



2.6% 



32% 



- 30 ' MJSOMJSOMJSDMJSDMJSDMJSDMJSDMJSD 

1938 1939 1940 1941 1942 1943 1944 1945 

1. Prior to 1940 figures an- lor 1st of month only. 2. Prior to 1°40 figures arc average of month. 



26% 



32% 



38% 



Ut.^. iy*t - jriiN. lytt 



_ 



III— SECURITY PRICES 

Bank of Canada 





Government Bonds 

Middle of the market quotations 


3 Month Treasury Bills 








Average ol 


Business Days 




Tender Rate Nearest 15 th of Month 




Canada'" 


U. 


K.<» 


U.S.A. o) 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1938 




_ 


_ 


_ 


_ 




.590 


.611 


.053 


1939 


- 


- 


93.83 


3.45 


- 


- 


.707 


1.315 


.022 


1940 


- 


- 


99.92 


3.00 


- 


- 


.699 


1.029 


.014 


1941 


- 


- 


100.88 


2.92 


- 


- 


.576 


1.006 


.100 


1942 


- 


- 


101.37 


2.86 


103.01 


2.24 


.537 


1.001 


.327 


1943 


100.32 


3.03 


101.05 


2.89 


103.83 


2.15 


.475 


1.007 


.373 


1944 


101.45 


2.92 


101.06 


2.88 


103.62 


2.15 


.385 


1.004 


.375 


Monthly 

1944— Feb. 


101.20 


2.95 


101.04 


2.88 


103.44 


2.18 


.390 


1.003 


.374 


Mar. 


101.42 


2.92 


100.82 


2.91 


103.62 


2.16 


.387 


.999 


.375 


Apr. 


101.45 


2.92 


100.73 


2.92 


103.67 


2.15 


.389 


1.011 


.375 


May 


101.38 


2.93 


100.69 


2.92 


103.66 


2.15 


.389 


1.000 


.375 


June 


101.46 


2.91 


100.84 


2.90 


103.60 


2.15 


.385 


1.002 


.375 


July 


101.50 


2.91 


101.03 


2.88 


103.51 


2.16 


.380 


1.002 


.374 


Aug. 


101.50 


2.91 


101.13 


2.87 


103.66 


2.14 


.383 


1.002 


.375 


Sept. 


101.63 


2.89 


101.05 


2.88 


103.77 


2.13 


.380 


1.010 


.375 


Oct. 


101.63 


2.89 


101.17 


2.86 


103.76 


2.13 


.380 


1.001 


.376 


Nov. 


101.65 


2.89 


101.52 


2.82 


103.77 


2.12 


.380 


1.002 


.375 


Dec. 


101.75 


2.88 


101.64 


2.80 


103.69 


2.13 


.372 


1.004 


.375 


1945— Jan. 


101.92 


2.85 


101.77 


2.79 


104.13 


2.08 


.371 


1.006 


.375 



(1) Dominion of Canada 3% due Nov. 1. 1953-56 at 101. 
(3) U. S. Treasury 2)4% due Mar. 15, 1956-58. 



(2) United Kingdom 3% due July 15, 1954-58; price excluding accrued interest. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 

Daily Opening Quotations 



CANADA, U.K. 8c U.S.A.: 1944-45 



20% 




2.0% 



2.1% 



2.8% 



29% 



30% 



JAN FEB MAR APR. MAY JUNE JULY AUG. SEPT OCT. NOV. OEC JAN FEB MAR 



J944 



1945 



DJbA,. 1944 - JAN. 19 



Par Values in Millions of Canadian Dollars 



IV— BOND ISSUES AND RETIREMENTS" 

Bank of Canada 



' 



Calendar Years 

1936 

1937 
1938 
1939 
1940 
1941 
1942 
1943 
1944 

Last Half 
1940 
1941 

1942 
1943 
1944 

Last Quarter 

1940 
1941 
1942 
1943 
1944 



I-Dominion Direct & Guaranteed 
and Other C.N.R. 



New Issues 



402.7 

348.3 

286.1 

211.0 

706.4 

934.5 

2,072.3 

3,047.8 

3,124.4 

342. S 

39.9 

1,028.6 

1,602.3 

1,687.6 

332.6 

21.5 
1,009.9 
1,585.9 
1,675.0 



Retirements 



316.6 
337.4 
215.9 
233.3 
416.9 
397.6 
534.8, 
590.2 
489.0 

198.8 
167.0 
96.3 
373.8 
336.3 

62.2 
158.8 

72.3 
246.0 
217.5 



Net New 

Issues or 

Retirements 



86.1 

10.9 

70.2 

22.3 

289.5 

536.9 

1,537.5 

2,457.6 

2,635.4 

144.0 

127.1 

932.3 

1,228.5 

1,351.3 

270.4 

137.3 

937.6 

1,339.9 

1,457.5 



II-Provincial Direct and Guaranteed 



New Issues 



New 



80.4 
100.2 
88.1 
113.2 
79.5 
30.4 
13.8 
47.3 
11.9 

10.7 
6.8 
6.4 

40.5 
7.0 

6.2 
4.2 
4.5 
4.5 
5.0 



Refunding 



37.1 
77.2 
32.2 
40.5 
89.6 
51.5 
129.6 
101.1 
89.1 (2) 

55.3 

30.4 
68.5 
20.8 
54.8 (2) 

48.6 
28.9 
29.2 

29.1 <2) 



Retirements 



Refunded 



17.0 
96.4 
33.0 
33.5 
81.4 
66.5 
133.0 
106.1 
82.4 

48.1 
26.0 
113.0 
27.3 
61.2 

31.5 
11.0 
72.7 
7.4 
22.0 



Other 



61.2 
22.7 
39.9 
40.0 
28.1 
34.0 
45.1 
52.1 
76.7 

16.1 
14.4 
25.3 
26.5 
28.9 

9.6 
8.4 

13.1 
8.6 

13.7 



Net New 

Issues or 

Retirement 



39.4 
58.2 
47.4 
80.1 
59.6 
18.6 
34.8 
9.8 
58.0 

1.8 

3.2 
63.4 

7.6 
28.4 

13.8 
13.7 

52.0 

11.5 

1.6 





III-CORPORATIONS 




New 


Issues 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Others 


Calendar Years 

1936 


80.1 


175.2 


162.0 


52.0 


41.3 


1937 


60.5 


70.6 


83.8 


59.4 


12.1 


1938 


32.2 


30.9 


30.9 


42.8 


10.7 


1939 


36.1 


201.4 


202.0 


68.7 


33.3 


1940 


36.8 


18.3 


17.7 


94.6 


57.2 


1941 


17.5 


3.8 


3.8 


81.3 


63.9 


1942 


7.9 


39.1 


41.7 


81.1 


75.9 


1943 


20.0 


34.9 


34.9 


76.6 


56.6 


1944 


37.4 


95.5 


95.5™ 


68.4 


31.0 


Last Half 
1940 


4.8 


.2 


.2 


41.9 


37.1 


1941 


8.9 


1.6 


1.9 


31.8 


23.2 


1942 


5.4 


6.S 


7.1 


24.1 


19.0 


1943 


4.7 


4.8 


28.3 


29.3 


48.1 


1944 


16.4 


26.7 


40.6™ 


37.0 


34.5 


Last Quarter 

1940 


3.6 


.2 


.2 


31.0 


27.4 


1941 


5.6 


1.2 


1.2 


21.8 


16.3 


1942 


.5 


3.6 


3.6 


13.2 


12.6 


1943 


4.5 


1.3 


1.4 


18.0 


13.6 


1944 


4.5 


22.2 


22.2™ 


22.7 


18.3 



I+II+III 



Net New 

Issues or 

Retirements 



166.8 

57.0 

106.9 

24.6 

291.9 

454.5 

1,426.8 

2,391.3 

2,546.4 

108.8 

153.5 

849.8 

1,188.0 

1,288.4 

256.7 

139.9 

872.9 

1,314.9 

1,437.6 



IV— Dominion Treasury Bills. 
Deposit Certificates and Specm 
Short-Term Issues Sold to Ban 
of Canada and Chartered Bank 



Net New 

Issues or 

Retirements 



57.3 

5.0 
200.0 
325.0 
290.0 
632.8 
535.0 
248.2 



40.0 
440.0 
175.0 

73.2 



40.0 
70.0 
25.0 
48.0 



Total 

Outstanding 

at End of Period 



150 

150 

155 

355 

680 

970 

1,603 

2,138 

2,386 

680 

970 

1 ,603 

2,138 

2,386 

680 

970 

l ,603 

2,138 

2,386 



* Issues payable in Foreign Currency are included at the par of exchange up to Sept. IS. 1939, but thereafter conversion is made on the basis of the official rati 
of the Foreign Exchange Control Board. (1) Subject to revision. War Savings Certificates are included. Provincial Treasury Bills are excluded. Dominio 
Treasury Bills. Deposit Certificates and special short-term issues sold to Bank of Canada and the chartered banks are not included in Heading I but are show, 
separately in Heading IV. Because of lack of sufficient data no tabulation of retirements by municipalities and religious institutions was possible. However, th 
net reduction of total municipal bonded debt less sinking funds has been (in millions of dollars) approximately 27, 25. 30. 39. 30. 46. 56. 47 and 26. respective! 
in the years 1936 to 1944. (21 The S23 mm. Province of Quebec is^uc delivered in January 1915 and made to refund maturities which fell due in 1"44 is tteatei 
as having been sold in the last quarter of 1944. (3) Bonds amounting to S13.6 mm. whicii were called in January 1945 and refunded In issues sold in the las 
quarter of 1944 are shown as having been retired in December 1944. 

Footnotes to table on opposite page. BONDS OUTSTANDING 

(1) Provincial Treasury Bills are excluded. (2) Figures for the gross amount of bonds outstan ling are compiled from latest official sources adjusted to 31 De 
cember 1944, by subsequent known issues and redemptions; when full details regarding these become available minor revisions may be n i) Ineludini 

issues payable in Canada or London, and one issue payable in London or Paris. (4) Figures for gu irantee 1 is- les are approximate in some cases '.-i which ful 
particulars are not available. (5) Treasury Bills, Deposit Certificates. War Savings Certificates, Stamps and Non-Interest Bearing Certificates are included 
(6) C.N.R. issues guaranteed by the provinces, being included under the C.N.R. heading, are excluded from provincial headings, t") See footnote (.21 of Bom 
Issues and Retirements. 



IDEC. 1944 - 


JAN. 104: 




















10 






SUMMARY OF CHANGES IN CURRENCY OF PAYMENT'" 




Par Values in 


Millions c 


DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
_ „ * AND CORPORATION BONDS 

/ Canadian Dollars 








NEW ISSUES were payable in: 


Retirements 


were payable in: 




Net Increase or 

Net Decrease 

In Bonds Outstand- 


Canada 

only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
& London 


London 


Total 


ing Payable: 


In Canada 
only 


Abroad 


Calendar Years 

1936 


652.7 


118.0 


3.0 


1.9 


775.6 


278.8 


156.2 


38.7 


115.2 


19.9 


608.8 


374.0 


207.1 


1937 


537.4 


93.8 


10.3 


15.3 


656.8 


355.1 


22.7 


131.6 


56.0 


34.4 


599.8 


182.3 


125.3 


1938 


377.7 


40.2 


.3 


51.2 


469.4 


196.5 


50.1 


25.2 


22.1 


68.6 


362.5 


181.2 


74.3 


1939 


470.0 


83.4 


48.5 


.2 


602.1 


249.1 


21.0 


119.5 


86.7 


101.2 


577.5 


220.9 


196.3 


1940 


925.1 


5.2 


.2 


.1 


930.6 


438.5 


7.1 


19.8 


10.9 


162.4 


638.7 


486.5 


194.7 


1941 


1,023.3 


14.0 


- 


.4 


1,037.7 


326.7 


29.8 


18.0 


21.4 


187.4 


583.2 


696.6 


242.1 


1942 


2,235.6 


26.1 


.6 


.4 


2,262.6 


407.3 


12.6 


49.3 


97.5 


269.1 


835.8 


1,828.2 


401.4 


1943 


3,111.8 


139.4 


- 


- 


3,251.1 


516.9 


255.2 


52.3 


21.4 


14.1 


859.9 


2,594.8 


203.6 


1944 


3,266.6 


77.1 


13.8 


.9 


3,358.4 


608.9 


20.1 


67.0 


102.4 


13.6 


812.0 


2,657.7 


111.4 


Last Half 

1940 


413.4 


.2 


.2 


.1 


413.9 


162.6 


2.9 


7.8 


6.1 


125.7 


305.1 


250.8 


142.0 


1941 


86.7 


.7 


- 


.2 


87.6 


86.1 


3.3 


9.0 


12.2 


130.6 


241.2 


.6 


154.1 


1942 


1,105.7 


9.1 


.6 


.2 


1,115.7 


152.5 


6.8 


37.2 


22.5 


46.8 


265.8 


953.3 


103.5 


1943 


1,664.9 


8.3 


- 


- 


1,673.2 


307.9 


122.4 


43.1 


6.5 


5.3 


485.2 


1,357.0 


169.0 


1944 . 


1,772.3 


15.7 


4.4 


- 


1,792.4 


378.6 


4.8 


17.1 


92.5 


10.9 


504.0 


1,393.6 


105.3 


Last Quarter 

1940 


391.2 


_ 








391.3 


60.9 


1.5 


4.4 


2.6 


65.2 


134.6 


330.4 


73.7 


1941 


61.2 


- 


- 


.1 


61.4 


61.0 


2.1 


4.0 


10.2 


123.8 


201.2 


.2 


140.1 


1942 


1,044.1 


3.6 


- 


.1 


1,047.9 


113.7 


5.8 


26.5 


17.8 


11.1 


174.9 


930.4 


57.5 


1943 


1,596.3 


- 


- 


- 


1,596.3 


267.8 


2.7 


3.1 


4.8 


2.9 


281.4 


1,328.4 


13.6 


1944 


1,730.0 


1.3 


4.4 


" 


1,735.7 


268.9 


2.6 


7.9 


8.5 


10.2 


298.1 


1,461.1 


23.5 



For footnotes see opposite page. 



V— BONDS OUTSTANDING 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED AND OTHER C.N.R. BONDS'" 
GROSS AMOUNT OUTSTANDING AS AT 31st DECEMBER, 1944 (2) 



Par Values in Millions of Dollars, with £ converted at $4.86% 












Payable in: 




Canada 
only 


New York 
only 


Canada or 
New York 


Canada. 
New York 
or London 


(3) 
London 


Total 


Dominion — Direct 


(5) 

13,217.0 

1.0 

200.7 

13.1 

10.6 

53.5 

1.2 

59.9 

.8 

(7) 

303.2 

5.6 

380.7 

76.4 

27.0 

2.8 

70.8 

.3 

29.8 

45.4 
3.1 


333.0 

23.7 
10.2 

23.0 

23.3 

4.5 


.7 
64.1 

1.6 

40.6 
36.8 

64.0 

14.9 

5.7 

32.0 

42.4 
.1 

59.0 
6.5 

56.8 
.3 


28.6 
273.4 

18.9 

16.8 

191.3 
8.0 
3.5 

4.7 

19.9 

4.0 
.9 


12.1 

15.3 

2.7 
6.5 

1.8 
7.0 

10.5 

3.0 

13.1 

8.3 

19.0 

7.3 
2.4 


(5) 

13,562.1 

30.4 

577.3 

2.7 

50.3 

10.6 

95.9 

1.2 

103.6 

.8 

(7) 

394.5 

5.6 

613.5 

113.4 

80.1 

2.8 

126.2 

.5 

127.7 

6.5 
113.4 

6.6 


—Gtd. other than C.N.R. 

C.N.R. —Gtd. by Dom 

— Gtd. by Provs 

— Unguaranteed 

Prince Edward Island 


Nova Scotia — Direct 

—Gtd 


New Brunswick — Direct 

— Gtd. <6) 

Quebec — Direct 

—Gtd 

Ontario — Direct 

—Gtd 

Manitoba — Direct 

—Gtd 

Saskatchewan — Direct 

—Gtd 

Alberta — Direct 

—Gtd. .. 

British Columbia — Direct 

— Gtd. (W 


Total 


14,502.9 


417.7 


425.5 


570.0 


109.6 


16,025.7 



Contra Sinking Fund 


I 


nvestments: (4) 


book 


value as e 


it latest 


available date 


1 

1 ' 8 


Dec. 


31, 1943 


2.6 


Mar. 


31, 1944 


13.8 


Nov. 


30, 1943 


14.0 


Oct. 


31, 1943 


.1 


Oct. 


31, 1943 


62.1 


Nov. 


30, 1944 


19.4 


Mar. 


31, 1944 


.8 


Various 


16.9 


Apr. 


30, 1944 


28.4 


Nov. 


30, 1944 


.3 


Apr. 


30, 1944 


16.2 


Sept. 


30, 1944 


2.5 


Sept. 


30, 1944 


17.6 


Mar. 


31, 1944 


1.7 


Various 







For footnotes see opposite page. 



UtLK^. iy44-JA.\. ISM 



Millions of Dollars 



VI— FINANCIAL STATISTICS OF 678 COMPANIES: 1936-43* 

Bank of Canada 



Fiscal Year Nearest to Calendar Year 



1936 



1937 



1938 



1939 



1940 



1941 



1942 



1943 



SOURCE AND USE OF FUNDS' 



Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) 
Cash Dividends 



Undistributed Profits 

Depreciation Charges' 2 ' 

Other Non-cash Charges Against Current Income' 3 ' 

Total Funds From Current Income. . . . 

Issue of Common Stock 

Advances from Government"" 

Increase in Misc. Liabilities (less Misc. Assets). . . . 

Total Net Sources of Funds 



Use of Funds 

Investment in Plant, Property and Equipment. 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax 

Redemption of Funded Debt 

Redemption of Preferred Stock 



Sub-Total 

Increase in Working Capital ex. Inventories' 4 ' 



Total Net Uses of Funds. 



229 
184 

45 

104 

10 

159 
6 



165 



'.r.', 
36 
L3 



146 
19 

165 



294 

219 

75 

113 

9 




140 
00 

4 

20 

2 

232 
28 

204 



242 
234 

8 

110 

9 

127 
13 

15 
125 



ION 
1(3 
17 



83 

42 

125 



289 
_224_ 

65 

118 

10 

193 

7 
1 
8 

193 



100 
49 
24 

18 

6 

L85 

8 

193 



288 
22S 

60 

143 

9 

212 
9 
8 
2 

231 



122 
128 

9 

21 
o 

265 

34 

231 



312 
225 

87 

174 

9 

270 

6 

12 

3 

2S1 



103 
139 



32 



337 
46 



291 



313 
210 

103 
196 

8 

307 
4 
2 
6 

319 



12S 

29 

3 

20 

19 

1 

194 
125 

319 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 



Marketable Securities 

Current Accounts Receivable. 
Inventories' 5 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Plant, Propertv and Equipment (Net)' 6 '. . 
Investment in Other Companies (Net)"'. . 

Goodwill, Franchises, etc 

Refundable Portion of Excess Profits Tax. 

Miscellaneous Assets' 8 ' 

Miscellaneous Liabilities' 1 " 



Total . 



Capital and Surplus 

Funded Debt'"" 

Preferred Stock Outstanding 

Common Stock Outstanding 

Advances from Government"" 

Loans from Parent and Other Companies" 2 '. 
Earned Surplus and Surplus Reserves 03 '. . . 



Total. 



211 

207 
23S 
510 

1,166 

139 

89 

58 

32 

848 

2.557 
30S 
149 

95 

59 

3,898 



1 ,044 
593 

1,477 

37 

747 

3,898 



222 
192 
253 
570 

1,243 

157 
96 
74 
32 

S84 

2,571 

320 

144 

89 
50 

3,952 



1 ,022 

57(> 

1 ,500 

12 
S00 

3,952 



240 
180 
235 
500 

1,215 
133 

77 
(17 
32 

900 

2.559 

307 

120 

SO 
5(i 

3,922 



1,015 
569 

1 ,504 

34 
800 

3,922 



202 
172 
289 
009 



1 ,332 

1()0 

87 

86 

30 

903 

2,530 
328 
122 



85 

00 



3,968 



1 ,009 

51 ill 

1 ,508 

1 

34 

850 

3,968 




l ,05:; 

2.507 
321 
118 



82 

us 



4,013 



973 

547 

1 .537 

9 

30 

911 

4,013 



356 

220 
440 
876 

1 ,898 
285 

14!) 

2S7 

35 

1,142 

2.49S 

317 

110 

84 

09 

4,088 



939 

542 

1.521 

21 

40 

1 ,025 

4,088 



346 

349 
178 
905 

2,078 
330 

154 

257 
35 

1 ,302 

2.4:*:i 

315 

115 

20 

82 

109 

4,158 



919 

541 

1 .527 

23 

15 
1,103 

4,158 



* Compiled by Bank of Canada. The sample includes all those companies « ttfa 1941 u ■-■ ' 

$200 000 for which consistent reports were available in sunVn-nt detail tut tin period 1^6-43 

(1) The Source and Use of Plinds statement is designed to show net cash received from ail sources 
and paid OUt lor all purposes; revaluations or purely bookkeeping transactions which affect 

items of the Balance Sheet, particularly Plant, Properts and Equipment, Preferred and 
Common sto.k Outstanding end. in a few Instances, Ponded Debt, are not reflected In the 

Source and Use of Funds Statement. 

(2) Includes depletion charges. 

(3) [ncludefl I uncut interest due but not paid in CMh, deterred development charges, anu.i ti/at ion 
.,| bond discount, etc. 

1 1) Vfter adjustments relating to ta\ accruals ami othei transactions "i prei Ions -■■ i 
(S) Special wartime Inventory rescue-. ha> •■ been deducted. 



(6) Reserves for depreciation and depletion have been deducted. 

(7i Includes current accounts receivable from subsidiaries and fixed investment in subsidiarie 

less current and non-current accounts payable to subsidiaries. 
(M Includes bond discount and other deferred charges, deferred development, etc. 
t'J) Includes pension fund reserves, insurance reserves, reserve for bond Interest due but not pan 

in cash. etc. 

(10) Bonds and Mortgages outstanding less sinking fund. 

(11) Includes advance payments on government com 
1 1 :> Includes non-vuircnt liabilities to other companies. 
(13) Include* contingent and genc.al re serves , capital surplus and the refundable portion] ( 

i v. eaa Profits lav 



1EJEC. 1944 - JAW. 1945 










1Z 


VII— POPULATION 


GAINFULLY OCCUPIED 


: CLASSIFIED BY OCCUPATION GROUPS 




10 YEARS OF AGE AND OVER, 1911 


-31 : 14 YEARS 


AND OVER IN 1941 




Thousands 






Dominion Bureau of Statistics 








Agri- 
culture 


Other 
Primary 

(1) 


Manu- 
facturing 


Con- 
struction 


Trans- 
portation 
(3) 


Trade 

and 
Finance 


Service 


Clerical 


Other 

(5) 


Total 


Total 
Male 


Total 
Female 


h 

Canada ... 1911 


934 


140 <2) 


372 


151 


159 


222 


323 


106 


317 


2,724 


2,359 


365 


1921 


1,042 


116 


407 


162 


200 


294 


421 


218 (4) 


314 


3,173 


2,683 


490 


1931 


1,132 


150 


496 


203 


289 


353 


617 


259 


428 


3,927 


3,261 


666 


1941* 


1,084 


204 


709 


213 


312 


371 


725 


314 


264 


4,196 


3,363 


833 


Maritimes . 1911 


114 


45© 


34 


13 


19 


20 


38 


10 


33 


325 


280 


45 


1921 


115 


38 


31 


17 


22 


26 


45 


16 (« 


39 


349 


297 


53 


1931 


109 


39 


29 


15 


26 


25 


50 


14 


46 


353 


299 


54 


1941* 


96 


50 


37 


19 


32 


28 


63 


18 


26 


369 


299 


70 


Quebec ... 1911 


205 


21 <2) 


113 


35 


36 


58 


84 


23 


78 


653 


552 


101 


1921 


221 


19 


125 


45 


45 


73 


111 


51 (4) 


95 


786 


646 


139 


1931 


231 


28 


157 


63 


71 


93 


178 


71 


134 


1,026 


823 


202 


1941* 


255 


49 


242 


70 


84 


100 


217 


87 


86 


1,189 


928 


260 


Ontario ... 1911 


307 


31 (2) 


175 


54 


58 


85 


119 


45 


117 


991 


836 


155 


1921 


295 


19 


190 


64 


77 


113 


145 


95 <4) 


119 


1,119 


923 


195 


1931 


305 


30 


224 


77 


110 


135 


212 


109 


145 


1,346 


1,097 


249 


• 1941* 


270 


45 


322 


78 


114 


141 


251 


140 


96 


1,455 


1,140 


315 


Prairie 1911 


283 


n o) 


28 


30 


30 


41 


56 


20 


48 


548 


501 


47 


1921 


376 


12 


36 


22 


38 


58 


84 


40 <« 


35 


700 


622 


78 


1931 


444 


21 


51 


29 


53 


69 


124 


44 


61 


896 


780 


116 


1941* 


421 


25 


62 


27 


54 


69 


135 


47 


31 


869 


736 


133 


B. C 1911 


24 


32 (2) 


21 


19 


16 


18 


27 


9 


41 


206 


189 


17 


1921 


35 


28 


24 


14 


18 


23 


36 


16 <« 


26 


220 


194 


26 


1931 


44 


33 


35 


19 


30 


31 


53 


20 


42 


306 


263 


44 


1941* 


42 


35 


47 


20 


29 


33 


60 


23 


26 


314 


259 


55 


(1) Fishing and trapping. 
(3) Includes "Communicat 
except agriculture, fishing, 


ogging, min 
ion". (4) I 
logging and 


ng and quarrying, 
ticludes proof readers, 
mining, are included 


(2) Includes pulpmill employees and almost all mine and smelter employees, except cler 
shippers, weighmen and postmen classified elsewhere in other years. (5) Labourers in ; 
in this group. * Excludes Armed Forces. 


cal workers, 
ill industries 






PERCENTAG 


E INCREASE 


BY DECADE 


S : 1911 -41 




IN 


POPULA" 


riON G 


MNFUL 


LY OCC 


:upied 


CLASS 


IFIED BY OCCUPATION GROUPS 





PERCENT 

50% 



40% 



PERCENT 

50% 



40% 



30% 




20% 



(1) Agriculture, fishing and trapping, logging, mining and quarrying. (2) Trade and finance, service, clerical and all other. 



uc^.. iyt* - jain. 



VIII— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 






Annual Totals' 4 ' 

1926 
1929 
1932 

1937 
1938 
1939 
1940 
1941 
1942 
1943 
1944 

Monthly 

1943— Sept. 
Oct. 
Nov. 
Dec. 

1944— Sept. 
Oct. 
Nov. 
Dec. 



PRODUCTION 



Gold 



Thousands 
Fine Ounces 



1,754 
1,928 
3,044 

4,096 
4,725 
5,094 
5,311 
5,345 
4,841 
3,651 
2,948* 

282.1 
280.0 
267.7 
262.8 

236.4 
230.0 
223.1 



Nickel 



Thousands 
Short Tons 



33 
55 
15 

112 
105 
113 
123 
141 
143 
144 
138* 

11.3 
11.5 
11.6 
12.0 

11.4 
10.9 
11.1 



Steel 



Thousands 
Short Tons 



869 

1,544 

380 

1,571 
1,294 
1,551 
2,256 
2,701 
3,121 
2,997 
3,024 

241.3 
272.0 
259.4 
227.8 

242.7 
275.5 
268.9 
243.5 



News- 
print 

(i) 



Thousands 
Short Tons 



1,889 
2,727 
1,919 

3,648 
2,625 
2,869 
3,419 
3,426 
3,177 
2,983 
2,992 

251.8 
259.3 
256.3 

249.7 

244.2 
258.3 
256.8 
245.0 



Central 
Electric 

Stations <2) 



Millions 
Kilowatt Hrs 



9,354 
13,897 
12,296 

17,934 
18,056 
19,405 
22,522 
27,724 
32,506 
35,719 
35,151 

2,998 
3,132 
3,104 
3,195 

2,818 
2,995 
2,904 
2,757 



Res- 
idential 

Con- 
struction 
Contracts 
Awarded 



110 

129 
29 

56 
55 
67 
68 
92 
79 
79 
131 

8.3 
7.9 
6.0 
4.1 

9.4 
9.3 
7.8 
5.1 



Car 
Loadings 



Thousands 



3,253 
3,533 

2,176 

2,635 
2,428 
2,549 
2,827 
3,204 
3,387 
3,454 
3,650 

303.4 
315.2 
318.9 
288.0 

316.7 
330.2 
326.9 
271.7 



Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 



140.5 
93.1 

103.8 
99.9 
103.6 
116.2 
133.8 
149.5 
151.0 
165.4 

156.8 
157.3 
168.8 
145.8 

179.7 
171.4 
194.7 
158.4 



Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1 
1941 = 100 



65.1 
77.8 
57.2 

74.6 

73.1 

74.5 

81.2 

99.6 

113.6 

120.4 

119.8 

121.8 
122.7 
123.4 
124.6 

121.5 
120.0 
120.4 
121.6 



Aggrega 

Payroll 

Index 

O) 

Unadjusi ' 

June 1 

1941 = ;• 



128.3 

144.9 
148. 2 

148.7 
150.8 
152.0 
153.4 

149.6 
151.0 
151.0 
152.1 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. 
Department Store Sales. Employment and Payrolls Indexes. * 12-Months ending Nov., 1944. 



CANADA 

Dominion Bureau of Statistics 



IX— WHOLESALE PRICES 

Index 1926 = 100 
U.K. 

Board of Trade (l) 



(3) First of Month. (4) Average of months in case 



U.S.A. 

Bureau of Labor Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mtbs. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


4S.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1938 


73.6 


72.7 


77.1 


78.2 


78.6 


1939 


64.3 


67.4 


73.9 


75.3 


75.4 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


88.8 


90.0 


1942 


82.5 


90.1 


98.1 


91.9 


95.6 


1943 


95.9 


99.1 


102.4 


93.1 


100.0 


1944 


102.9 


104.0 


101.4 


93.6 


102.5 


Monthly 












1943-Dec. 


104.6 


104.3 


103.2 


93.8 


102.5 


1944-Jan. 


104.0 


104.1 


KI2.:. 


93.8 


102.5 


Feb. 


104.3 


104. 6 


102.3 


93.7 


102.7 


• Mar. 


104.5 


104.S 


102. (i 


93.8 


103.0 


Apr. 


104.0 


104.7 


102,1 


93.8 


102.9 


May 


101.8 


104.2 


101.3 


93.6 


102.5 


June 


102.0 


104.2 


101.2 


93.5 


102.5 


July 


102.0 


103.9 


101.2 


93.4 


102.5 


Aug. 


101.2 


103.6 


100.S 


93.5 


102.3 


Sept . 


101.0 


103.4 


100.7 


93.6 


102.3 


Oct. 


103.0 


io;;. :; 


100.8 


93.6 


102.4 


Nov. 


103.1 


103.3 


loo. s 


93.7 


102.4 


Dec. 


103.3 


103.6 


100.7 


93.7 


102.5 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


83.6 


87.7 


79.6 


81.8 


79.6 


83.0 


108.5 


110.2 


119.5 


123.1 


128.8 


128.6 


130.S 


131.4 


129.1 


134.1 


129.5 


131.9 


120. S 


132.3 


129.S 


132.8 


129.6 


133.1 


129.3 


133.6 


129.3 


134.0 


12S.9 


134.0 


131.3 


134.8 


129.9 


135.2 


L28.3 


134.8 


127.5 


134.5 


127.5 


134.7 


128.1 


1349 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 

(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


68.5 


72.0 


73.6 


82.2 


78.6 


65.3 


70.2 


70.4 


80.4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


122.0 


112.1 


106.8 


100.2 


103.2 


123.5 


113.3 


105.0 


100.8 


104.0 


121.8 


112.1 


105.6 


100.2 


103.2 


121.8 


112.2 


104.9 


100.2 


103.3 


122.5 


112.8 


104.5 


100.4 


103.6 


123.6 


113.4 


104.6 


100.5 


103.8 


123.2 


113.2 


104.9 


100. S 


103.9 


122.9 


113.0 


11)5.1) 


100.9 


104.0 


125.0 


114.2 


L06.3 


100.9 


104.3 


124.1 


113.0 


105 .8 


100.9 


104.1 


122.0 


112.7 


L04.8 


100.9 


103.9 


122.7 


112.8 


104.2 


100.9 


104.0 


123.4 


113.2 


Idl. -J 


101.0 


104.1 


124.4 


113.8 


11)5.1 


101.1 


104.4 


125.5 


114.6 


L05.5 


101.1 


104.7 



(1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930=100 in 1930 and thereafter. (2) Bureau of Labor Statistics Index of 
Prices of Finished Products. 



HDEC. 1944 - JAN. 1945 



14 



Millions of Kilowatt Hours 



X— CENTRAL ELECTRIC STATIONS 

Dominion Bureau of Statistics and Bank of Canada 





Output of Central Electric Stations 








Firm 


Daily Averages 


Generated 

by 

Water 


Generated 

by 

Fuel 


Total 


Exports 


Secondary 
Power 


Losses 

(Estimated) 


Power 
Consump- 
tion 
(Estimated) 


1926 


32.2 


.5 


32.7 


4.1 


2.9 


4.3 


21.4 


1929 


47.4 


.9 


48.3 


4.0 


6.3 


6.7 


31.3 


1932 


42.5 


.8 


43.4 


1.8 


7.9 


6.2 


27.5 


1937 


74.2 


1.4 


75.6 


5.1 


21.4 


10.6 


38.6 


1938 


70.0 


1.2 


71.3 


5.0 


16.8 


9.9 


39.5 


1939 


76.3 


1.3 


77.7 


5.2 


19.3 


10.9 


42.3 


1940 


80.7 


1.5 


82.2 


5.8 


14.8 


11.5 


50.1 


1941 


89.9 


1.8 


91.7 


6.5 


9.3 


12.8 


63.2 


1942 


99.9 


2.0 


101.9 


6.7 


6.1 


14.3 


74.8 


1943 


108.5 


2.1 


110.6 


7.0 


5.8 


15.5 


82.3 


1944 


107.9 


2.7 


110.6 


7.1 


7.5 


15.5 


80.5 


1943— Aug. 


108.9 


1.9 


110.8 


7.4 


6.0 


15.5 


82.0 


Sept. 


110.4 


2.2 


112.6 


6.6 


6.1 


15.9 


84.0 


Oct. 


109.3 


2.3 


111.6 


6.1 


4.4 


15.8 


85.2 


Nov. 


112.9 


2.5 


115.4 


6.6 


5.3 


16.3 


87.2 


Dec. 


112.1 


2.7 


114.8 


6.7 


5.0 


16.2 


86.9 


1944— Aug. 


103.2 


2.4 


105.6 


7.7 


6.7 


14.7 


76.6 


Sept. 


105.1 


2.7 


107.8 


7.3 


6.6 


15.1 


78.8 


Oct. 


109.5 


2.8 


112.3 


7.2 


8.5 


15.8 


80.8 


Nov. 


111.9 


2.7 


114.7 


6.3 


11.6 


16.3 


80.6 


Dec. 


105.4 


2.8 


108.3 


6.5 


12.8 


15.3 


73.7 



CENTRAL ELECTRIC STATIONS : INSTALLED CAPACITY AND OUTPUT : 193 1 -44 



MILLIONS OF HORSE POWER 



BILLIONS OF KILOWATT HOURS 



11.25 



10.00 



8.75 




1931 



* The chart is scaled on the assumption that the potential output of one horse power of installed capacity is 4.000 kilowatt hours. This was the 
approximate effective rate before the war but has since been appreciably raised by measures to increase utilization of available capacity, e.g. by 
connecting formerly independent power distribution systems, by daylight-saving, staggering hours of work, and other measures designed to spread 
the incidence of peak loads. ** Running 12-month totals, 1938-44. 



Dh-L. 1944 - JAN. 19 



Millions of Tons 



XI— STEAM RAILWAYS 

REVENUE FREIGHT LOADED BY CANADIAN RAILWAY SYSTEMS' 

Dominion Bureau of Statistics 





Farm Products an 


d Foods 


Forest 




Non-Metallic Minerals 


Manu- 












Products, 
and 


Metals 








factures 
and 






Grains 


Livestock 


All 


Coal 


Petroleum 


All (2) 


Total 




and their 
Products 


and 
Meats 


Other 


Paper 




and 
Coke 


and 
Gasoline 


Other 


cellaneous 




Calendar Years 






















192G 


19.9 


2.3 


5.7 


19.1 


4.8 


24.3 


2.6 


10.1 


16.5 


105.2 


1929 


18.8 


2.3 


5.4 


19.6 


7.1 


24.4 


4.0 


13.8 


19.9 


115.2 


1932 


16.4 


1.6 


3.8 


8.3 


2.1 


14.4 


2.5 


3.6 


8.1 


60.8 


1937 


10.4 


1.8 


5.2 


14.4 


9.0 


17.4 


2.6 


6.1 


15.3 


82.2 


1938 


14.4 


1.5 


4.9 


11.8 


9.6 


15.1 


2.8 


4.3 


11.8 


76.2 


1939 


17.4 


1.6 


4.9 


12.3 


10.5 


17.2 


2.8 


4.4 


13.5 


84.6 


1940 


16.8 


1.7 


5.1 


15.7 


12.4 


19.3 


3.1 


6.7 


17.2 


97.9 


1941 


22.3 


1.9 


5.9 


17.8 


15.3 


21.9 


3.6 


6.6 


21.7 


117.2 


1942 


20.3 


2.2 


7.0 


19.0 


17.1 


25.4 


10.0 


7.0 


26.1 


134.1 


1943 


26.9 


2.4 


7.6 


18.9 


18.6 


27.3 


15.9 


6.6 


28.8 


152.9 


12-Months Ending 






















Oct. 1944 


32.7 


2.9 


8.5 


19.9 


16.4 


25.5 


14.9 


6.6 


29.0 


156.3 


Monthly 






















1943— July 


2.3 


.2 


.5 


1.7 


1.7 


2.1 


1.5 


.7 


2.4 


13.2 


Aug. 


2.4 


.2 


.5 


1.8 


1.7 


2.4 


1.6 


.8 


2.5 


13.9 


Sept. 


2.5 


.2 


.6 


1.6 


1.7 


2.3 


1.4 


.8 


2.4 


13.4 


Oct. 


2.5 


.2 


.9 


1.5 


1.7 


2.4 


1.3 


.8 


2.4 


13.8 


1944— July 


2.7 


.2 


.6 


1.6 


1.4 


1.9 


1.2 


.8 


2.3 


12.7 


Aug. 


2.9 


.2 


.6 


1.8 


1.5 


2.1 


1.2 


.8 


2.4 


13.4 


Sept. 


3.0 


.2 


.7 


1.6 


1.4 


2.1 


1.1 


.7 


2.3 


13.1 


Oct. 


2.9 


.2 


1.0 


1.6 


1.3 


2.3 


1.2 


.7 


2.4 


13.6 



(1) Carried in Canada. (2) Sand and Gravel, Cement Lime and Plaster. Stone. Slate. Clay, Asphalt, Salt. 



STEAM RAILWAYS : REVENUE FREIGHT LOADED 
BY CANADIAN RAILWAY SYSTEMS 1 : 1926-44 



MILLIONS OF SHORT TONS 

175 



MILLIONS OF SHORT TONS 

175 




1927 *28 "29 '30 "31 '32 '33 '34 '3b '36 '37 '38 '39 '40 '41 "42 '43 '44 '45 '46 

t Carried in Canada. * Running 12-month totals in 1942-44. 



DEC. 1944 - JAN. 1945 



^Tb 



Thousands of Short Tons 



XII— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 





SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 












Net 












Exports 


Total 


U.S. 


Canadian 




Increase 




Canada 


New- 
foundland 


U.S.A. 


Total 


Overseas 


Supply 


Publishers 


Publishers 




or 
Decrease 


Calendar Years 
























1935 


2,751 


332 


912 


3,995 


197 


734 


3,458 


3,345 


200 


3,545 


86 


1936 


3,209 


326 


921 


4,457 


242 


851 


3,848 


3,692 


195 


3,887 


38 


1937 


3,648 


350 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1938 


2,625 


268 


820 


3,713 


243 


681 


3,276 


3,422 


160 


3,582 


306 


1939 


2,869 


305 


939 


4,114 


310 


656 


3,768 


3,520 


190 


3,710 


58 


1940 


3,419 


351 


1,013 


4,783 


34 


892 


3,925 


3,731 


185 


3,916 


9 


1941 


3,426 


345 


1,015 


4,786 


3 


642 


4,146 


3,930 


198 


4,127 


19 


1942 


3,177 


277 


953 


4,407 


- 


296 


4,111 


3,816 


203 


4,019 


92 


1943 


2,983 


236 


805 


4,024 


- 


413 


3,611 


3,627 


194 


3,821 


210 


1944 


2,992 


273 


720 


3,984 


- 


568 


3,416 


3,243 


188 


3,431 


15 


Monthly 
























1943- July 


262.3 


24.8 


67.9 


355.0 


- 


44.7 


310.2 


283.0 


15.2 


298.2 


12.0 


Aug. 


259.6 


21.8 


68.0 


349.4 


- 


41.2 


308.2 


289.4 


16.5 


305.9 


2.3 


Sept. 


251.8 


22.6 


64.3 


338.8 


- 


43.2 


295.6 


297.0 


16.9 


313.8 


18.3 


Oct. 


259.3 


24.4 


63.5 


347.2 


- 


30.2 


317.0 


314.0 


15.9 


329.9 


12.9 


Nov. 


256.3 


26.9 


66.5 


349.7 


- 


47.5 


302.2 


296.5 


16.7 


313.2 


11.0 


Dec. 


249.7 


22.7 


62.2 


334.6 


- 


55.9 


278.7 


291.2 


16.8 


308.0 


29.3 


1944-July 


244.4 


21.8 


59.9 


326.1 


— 


47.2 


278.9 


241.2 


15.6 


256.8 


22.1 


Aug. 


262.7 


25.2 


60.6 


348.6 


- 


37.8 


310.8 


251.6 


15.5 


267.1 


43.7 


Sept. 


244.2 


25.5 


61.5 


331.2 


- 


53.1 


278.1 


261.5 


15.6 


277.1 


1.0 


Oct. 


258.3 


23.9 


62.0 


344.2 


- 


60.9 


283.3 


300.9 


15.8 


316.7 


33.4 


Nov. 


256.8 


27.6 


62.5 


346.9 


- 


35.4 


311.5 


291.8 


16.5 


308.4 


3.2 


Dec. 


245.0 


21.9 


61.2 


328.0 


— 


54.6 


273.5 


284.1 


15.7 


300.0 


26.3 



NEWSPRINT: NORTH AMERICA: 1936-44 



THOUSANDS OF SHORT TONS 



THOUSANDS OF SHORT TONS 




4400 



4000 



3600 



4400 



4000 



3600 



1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 

(1) Total supply: see above table. (2) See above table. (3) Cumulative difference of (a) Retained Production plus Imports and (b) Estimated Consumption 
by Publishers. For monthly figures see above table. 



ri 




















DEC 


,. 1944 - J 


AN. 1< 


5 




XIII— MERCHANDISE EXPORTS : COMMODITY CLASSIFICATION 














Compiled from Trade of Canada: D.B.S. 




















Millions of Dollars 












" 




Grains 

and 

Products 

(1) 


Cattle 

and 
Meats 


Milk 

and 

Products 


Other 

Farm 

Products 

(2) 


Fishery 
Products 


Planks 

and 
Boards 


Wood Pulp 

and 
Pulpwood 


Newsprint 


Nickel 


Other 

Non-ferrous 
Metals 


Non- 
metallic 
Minerals 


Chemic. 

ex 
Explosi\ 


Calendar Years 


























1926 


481 


45 


41 


71 


36 


62 


66 


114 


12 


55 


27 


16 


1927 


447 


40 


35 


62 


34 


57 


63 


123 


15 


53 


27 


17 


1928 


558 


33 


36 


51 


36 


48 


61 


141 


22 


62 


27 


18 


1929 


333 


27 


28 


48 


36 


49 


57 


149 


26 


77 


30 


22 


1930 


235 


9 


19 


40 


31 


37 


53 


133 


21 


63 


23 


16 


1931 


162 


7 


15 


26 


25 


20 


39 


107 


14 


37 


15 


11 


1932 


167 


8 


12 


21 


18 


13 


24 


83 


7 


33 


10 


11 


1933 


156 


14 


11 


30 


20 


17 


28 


69 


23 


38 


13 


13 


1934 


174 


26 


9 


27 


22 


26 


32 


82 


29 


53 


16 


14 


1935 


180 


30 


10 


34 


24 


26 


35 


88 


36 


69 


18 


16 


1936 


274 


44 


14 


40 


25 


37 


40 


104 


45 


78 


24 


18 


1937 


209 


56 


18 


45 


28 


45 


54 


126 


59 


117 


31 


21 


1938 


129 


44 


16 


42 


27 


36 


41 


105 


52 


103 


25 


19 


1939 


127 


51 


18 


48 


29 


49 


43 


116 


58 


99 


29 


24 


1940 


179 


74 


20 


35 


32 


68 


73 


151 


61 


99 


34 


28 


1941 


248 


98 


21 


41 


41 


74 


102 


154 


68 


99 


45 


39 


1942 


189 


124 


34 


54 


50 


80 


116 


141 


68 


123 


57 


53 


1943 


391 


131 


36 


95 


57 


74 


119 


145 


68 


135 


62 


69 


1944 


607 


201 


35 


120 


64 


90 


122 


157 


68 


166 


58 


82 


s 
1 
1 












Millio 


ns of Dollars 














Vehicles 
and 
Parts 

(3) 


Guns 

and 
Rifles 


Other 
Iron and 

Steel 
(4) 


Cartridges 
and 

Shells 


Explosives 


Ships 

and 

Vessels 


Aircraft 


Army and 

Navy 

Stores 

(S) 


Alum- 
inium 


All 

other 

Exports 


Net Non- 
monetary 
Gold 


Tota 

Export 

Includi 

Gold 


Calendar Years 


























1926 


39 


- 


37 


- 


- 


- 


- 


- 


7 


151 


30 


1,292 


1927 


32 


- 


35 


- 


- 


1 


- 


- 


11 


158 


32 


1,243 


1928 


36 


- 


34 


- 


- 


- 


- 


- 


9 


167 


40 


1,380 


1929 


47 


- 


43 


- 


- 


1 


- 


- 


15 


164 


37 


1,190 


1930 


21 


— 


27 


— 


— 


1 


- 


— 


10 


124 


39 


903 


1931 


7 


- 


12 


- 


- 


1 


- 


- 


4 


83 


57 


645 


1932 


7 


- 


9 


- 


- 


- 


- 


- 


4 


62 


70 


560 


1933 


10 


- 


12 


- 


- 


- 


- 


- 


6 


68 


82 


611 


1934 


20 


- 


18 


- 


- 


- 


- 


- 


8 


92 


114 


763 


1935 


26 


— 


24 


— 


— 


— 


— 


— 


11 


97 


119 


844 


1936 


23 


- 


29 


- 


- 


- 


- 


- 


11 


122 


132 


1,059 


1937 


27 


- 


39 


- 


- 


1 


- 


- 


19 


135 


145 


1,176 


1938 


25 


- 


35 


- 


- 


- 


3 


- 


21 


107 


161 


996 


1939 


26 


- 


37 


1 


1 


- 


- 


- 


26 


115 


185 


1,081 


1940 


66 


3 


59 


13 


3 


- 


6 


1 


34 


146 


203 


1,389 


1941 


154 


13 


73 


42 


20 


2 


20 


40 


77 


166 


204 


1,842 


1942 


328 


74 


65 


300 


24 


107 


27 


55 


117 


177 


184 


2,548 


1943 


507 


144 


65 


354 


17 


89 


45 


49 


129 


189 


142 


3,113 


1944 


433 


240 


100 


314 


19 


23 


107 


46 


106 


210 


110 


3,550 



(1) In the case of wheat, after July V)ib, export clearance figures are based on Board of Grain Commissioners rather than Customs data. Owing to 
available data this adjustment has not been made since Jan. 1942. (2) Seeds, eggs, tobacco, farm animals other than beef cattle, hides and skins, oils ami fats, ct' 
(3) Chiefly of iron. Includes military vehicles and tanks. (4) Excluding "Vehicles and Parts" and "Guns and Rifles". (5) Consisting of exports for the us 
of Canadian armed forces, lor which no payment is received. 



lEC. 1944 - JAN. 1945 






18 




XIV- 


MINERAL PRODUCTION: 1936-44** 








Dominion Bureau of Statistics 










METALLIC MINERALS 








(i) 
Gold 


Silver 




Other 


Nickel 


Copper 


Zinc 


" 








Precious Metals 










fine oz. 
000 


$ mm. 


fine oz. 
mm. 


$ 


mm. 


fine oz. 
000 


$ mm. 


lbs. mm. 


$ mm. 


lbs. mm. 


$ mm. 


lbs. mm. 


$ mm. 


51936 


3,748 


131.3 


18 




8.3 


235 


7.8 


170 


43.9 


421 


39.5 


333 


11.0 


1937 


4,096 


143.3 


23 


10. 


259 


9.9 


225 


59.5 


530 


68.9 


370 


18.2 


! 193S 


4,725 


166.2 


22 




9.7 


292 


8.9 


211 


53.9 


571 


56.6 


382 


11.7 


; 1939 


5,094 


184.1 


23 




9.4 


284 


9.4 


226 


50.9 


609 


60.9 


395 


12.1 


1940 


5,311 


204.5 


24 




9.1 


200 


7.8 


246 


59.8 


656 


65.8 


424 


14.5 


1941 


5,345 


205.8 


22 




8.3 


222 


8.1 


282 


68.7 


643 


64.4 


512 


17.5 


!l942 


4,841 


186.4 


21 




8.7 


508 


19.2 


285 


70.0 


604 


60.4 


580 


19.8 


1943 


3,651 


140.6 


17 




7.8 


346 


13.7 


288 


71.7 


575 


67.2 


611 


24.4 


1944| 


2,885 


111.1 


14 




5.8 


201 


8.3 


275 


69.3 


548 


65.4 


561 


24.1 




Lead 


Mercury 


Iron Ore 


Magnesium 


All Other 

Metallics 

$ mm. 


Total 
Metallics 

$ mm. 




lbs. mm. 


$ mm. 


lbs. 000 


$ mm. 


tons 000 


$ mm. 


lbs. 000 


$ mm. 


1936 


383 


15.0 


_ 


_ 


— 


— 


— 


— 


2.6 


259 


1937 


412 


21.1 


- 


- 


- 


- 


- 


— 


3.0 


334 


1938 


419 


14.0 


- 


- 


- 


- 


- 


- 


2.1 


323 


1939 


389 


12.3 


- 


- 


124 


.3 


- 


- 


4.0 


344 


1940 


472 


15.9 


154 


.4 


415 


1.2 


- 


— 


3.6 


383 


1941 


460 


15.5 


536 


1.3 


516 


1.4 


11 


- 


4.3 


395 


1942 


512 


17.2 


1,036 


2.9 


545 


1.5 


809 


.4 


5.7 


392 


1943 


444 


16.7 


1,690 


4.6 


641 


2.0 


7,154 


2.1 


6.1 


357 


1944| 


301 


13.5 


736 


1.3 


550 


1.9 


10,659 


2.6 


3.9 


307 



NON-METALLIC MINERALS 





Coal 


Petroleum 


Natural Gas 


ASBE 


STOS 


Salt 


Sulphur 




tons mm. 


$ mm. 


bbl. 000 


$ mm. 


cu. ft. 
billions 


$ mm. 


tons 000 


$ mm. 


tons 000 


% mm. 


tons 000 


$ mm. 


1936 


15 


45.8 


1,500 


3.4 


28 


10.8 


301 


10.0 


391 


1.8 


122 


1.0 


1937 


16 


48.8 


2,944 


5.4 


32 


11.7 


410 


14.5 


459 


1.8 


131 


1.2 


1938 


14 


44.0 


6,966 


9.2 


33 


11.6 


290 


12.9 


440 


1.9 


112 


1.0 


1939 


16 


48.3 


7,826 


9.8 


35 


12.5 


364 


15.9 


425 


2.5 


211 


1.7 


1940 


18 


54.7 


8,591 


11.2 


41 


13.0 


347 


15.6 


465 


2.8 


171 


1.3 


1941 


18 


58.1 


10,134 


14.4 


43 


12.7 


478 


21.5 


561 


3.2 


260 


1.7 


1942 


19 


62.9 


10,365 


16.0 


46 


13.3 


439 


22.7 


654 


3.8 


304 


2.0 


1943 


18 


62.9 


9,602 


15.7 


44 


11.8 


467 


23.2 


688 


4.4 


258 


1.8 


1944f 


17 


71.2 


10,071 


16.3 


46 


11.9 


373 


18.2 


717 


3.9 


248 


1.7 





Gypsum 


Sodium Sulphate 


Peat 


Moss 


Magnesitic 
Dolomite 


All Other"' 
non-metallics 
$ mm. 


TOTAL"' 

Non- 




















Metallics 




tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


$ mm. 


1936 


834 


1.3 


76 


.6 


— 


— 


* 


.8 


1.4 


77 


1937 


1,047 


1.5 


80 


.6 


- 


- 


* 


.7 


2.2 


88 


1938 


1,009 


1.5 


63 


.6 


- 


- 


* 


.4 


1.7 


85 


1939 


1,422 


1.9 


71 


.6 


- 


- 


* 


.5 


2.0 


96 


1940 


1,449 


2.1 


94 


.8 


- 


- 


* 


.9 


2.5 


105 


1941 


1,593 


2.2 


116 


.9 


28 


.6 


* 


.8 


3.4 


120 


1942 


566 


1.3 


131 


1.1 


54 


1.1 


* 


1.1 


3.7 


129 


1943 


447 


1.4 


107 


1.0 


64 


1.5 


* 


1.3 


4.3 


129 


1944f 


510 


1.4 


98 


1.0 


63 


1.6 


* 


1.1 


5.3 


134 



* For earlier years, see pages 31-32 of the Feb.-Mar. 1944 Summary. (1) "World Price" in Canadian funds. (2) Excluding clay products and other structural 
materials. * Not available, t Estimate. 



TATISTICAL SUMMARY 



ANK OF CANADA 



Tables 

I Bank of Canada : 

Assets and Liabilities 



Charts 



II Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 
Cash in Canada and Canadian Deposits 

Canadian Deposits 

Canadian Deposits, Loans and Dom.-Prov. Securities 

III Security Prices: 

Govt. Securities, Payable in Canada only 

Yields of Dom. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S./\ 

Yields of Govt. Bonds, Canada, U.K. and U.S.A. 

IV Business Activity 

Employment and Payrolls in Industry 

V Employment and Payrolls 

VI Wholesale Prices . .... 

Retail Sales and Retail Prices 

VII Retail Merchandise Sales 

VIII Construction 

Distribution by Provinces 

IX Cash Income From the Sale of Farm Products 

Cash Income from the Sales of Farm Products 

X Imports and Exports by Countries .... 
XI Imports: Commodity Classification 



Pages 
19 - 20 



21 - 22 
19 
20 
21 
22 



23 
23 
24 
24 

25 
25 

2G 

27 
27 

28 

29 
29 

30 
30 

31 

32 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



FEB. - MAR. 1945 



19 



FEB. - MAR. 194 



r 



Millions of Dollars 
















I-H! 


u 










LIABILITIES 






- 




Chartered Bank Cash 


Govt. 
Deposits 


Other (1) 
Deposits 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


A« 

l.iaili 






Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 




Average of 
















l— 




Month-end Figures 




















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


50.1 


6.6 


10 




1936-12 Mths. 


38.3 


186.8 


225.1 


20.3 


.9 


66.9 


9.2 


.'2 




1937 


46.2 


193.7 


239.9 


24.3 


1.1 


94.9 


13.2 


v3 




1938 


51.4 


200.7 


252.1 


21.2 


2.2 


109.7 


12.8 


■£ 




1939 


55.6 


212.6 


268.2 


29.8 


10.2 


129.3 


11.0 


<c 




1940 


70.2 


217.2 


287.3 


42.4 


8.5 


206.9 


15.7 


50 




1941 


86.4 


221.9 


308.3 


55.7 


6.7 


320.0 


19.5 


"C 




1942 


100.2 


240.2 


340.4 


50.2 


17.2 


472.0 


22.6 


52 




1943 


112.4 


300.4 


412.9 


47.6 


22.9 


661.0 


30.3 


1,14. 




1944 


122.2 


404.7 


526.9 


41.2 


54.8 


821.3 


36.7 


1/0. 




End of 




















1943— Oct. 


114.0 


339.2 


453.2 


88.9 


15.6 


722.6 


31.7 


U2 




Nov. 


127.2 


360.6 


487.8 


66.1 


16.1 


717.4 


33.6 


1,21. 




Dec. 


122.9 


340.2 


463.1 


20.5 


17.8 


751.5 


55.4 


i,:-8. 




1944— Jan. 


120.2 


360.9 


481.1 


34. S 


22.3 


740.4 


33.8 


i,:2. 




Feb. 


114.4 


362.7 . 


477.1 


40.1 


31.5 


761.0 


19.8 


Ui. 


1944— Oct. 


133.9 


454.3 


588.2 


76.9 


32.4 


878.6 


43.8 


1,(9. 




Nov. 


139.4 


437.2 


576.6 


10.8 


192.6 


868.4 


40.7 


1,(9. 




Dec. 


139.4 


401.7 


541.1 


L2.9 


199.9 


896.6 


36.8 


1,(7 


1945— Jan. 


143.9 


413.1 


557.1 


23.2 


208.2 


876.7 


39.8 


1,'4 


Feb. 


131.5 


397.6 


529.2 


27.9 


207.6 


897.0 


24.7 


1,(6 





(1) Includes deposits payable in sterling. U.S.A. and foreign gold currencies shown under item 5 (a) of the Bank of Canada Statement since Nov. 30, 1944. (ifiu 
the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessarBw 



CHARTERED BANK CANADIAN DEPOSITS 8. ACTIVE NOTE CIRCULATION ! 1941-45 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



7000 



6000 



5000 



4000 



3000 




7000 



6000 



5000 



4000 



3000 






DMJSDMJSDMJSDMJSDMJS 
1941 1942 1943 1944 1945 

* Bank of Canada notes in public circulation and chartered bank note circulation, including an approximate amount for the latter item aft 
September 1<)44. 



° 

ftcr 

. 



Web. 


- MAR. 1945 


















CANADA 


















Millions of Dollars 










ASSETS 












Reserve 


Securities 


Advances 


All 
Other 








Foreign 
Currencies 


Total 
Reserve 


Reserve 


Dom.-Prov. 


Dom.-Prov. 


Total"' 




Id 


Silver 


Ratio 

% 


Under 


Over 




Accounts 












2 yrs. 


2 yrs. 






























Average of 






















Month-end Figures 


.2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


1935-10 Mths. 


1.8 


1.8 


9.5 


191.1 


60.99 


38.3 


86.9 


125.2 


1.7 


4.5 


1936-12 Mths. 


1.0 


2.5 


19.0 


203.5 


56.50 


59.7 


97.7 


163.9 


- 


5.9 


1937 


.2 


.8 


27.6 


209.6 


54.42 


123.6 


52.5 


181.1 


1.0 


6.3 


1938 


1.8 


- 


41.7 


252.5 


57.72 


142.8 


46.2 


189.1 


.2 


6.7 


1939 






* 


* 


* 


* 


* 


* 








..3 


— 


36.1 


111.4 




326.6 


108.4 


435.1 


3.5 


11.0 


1940 




- 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




- 


18.8 


18.8 




791.2 


339.5 


1,130.6 


- 


25.2 


1943 




— 


44.1 


44.1 




831.1 


573.6 


1,407.1 


.4 


29.3 


1944 

End of 




- 


68.5 


68.5 




787.4 


434.0 


1,221.4 


- 


22.1 


Oct.-1943 




- 


26.5 


26.5 




797.1 


466.7 


1,263.9 


.5 


30.1 


Nov. 




- 


.6 


.6 




787.6 


472.8 


1,260.4 


- 


47.3 


Dec. 




- 


.4 


.4 




799.9 


486.8 


1,286.7 


- 


25.4 


Jan -1944 




- 


.2 


.2 




789.2 


508.9 


1,298.1 


- 


31.3 


Feb. 




— 


62.8 


62.8 




875.7 


622.9 


1,508.5 


- 


48.6 


Oct.-1944 




- 


172.3 


172.3 




868.6 


618.9 


1,497.5 


1.5 


17.8 


Nov. 




- 


172.3 


172.3 




906.9 


573.9 


1,490.8 


- 


24.3 


Dec. 




- 


172.3 


172.3 




914.5 


590.2 


1,514.7 


- 


18.0 


Jan .-1945 




- 


170.4 


170.4 




891.6 


595.5 


1,497.0 


— 


19.0 


Feb. 


Securit 


es". *May 


1940 and subs 


'quent figures 


give effect to 


the enactmen 


. under the M 


7 ar Measures 


Act, ot the Foreign Exchange Acquisition Order and 


I, were 


sold to the Fc 


>reign Exchan 


ge Control Bo 


ard, and the 


iank's minimi 


mi gold reserv 


e requirement was temporarily discontinued. 



20 



CHARTERED BANKS : CASH IN CANADA* AND CANADIAN DEPOSITS : 1941-45 

MILLI ONS OF DOLLARS MILLIONS OF DOLLARS 

7000T 



6000 



5000 



4000 



3000 




j 

1941 

* See note (3) on page 21 



21 



FEB. - MAR. IS 



II— CI 



Millions of Dollars 





LIABILITIES 












Deposits 








Securities 






Notes 














Cash 
in (i) 












Dom. 


Canadian 




Total ( 2) 


DOM.-PROV. 


1 _. 






Demand 


Notice 


and Prov. 


Deposits'" 


Foreign 


Deposits 


Canada 






Under2yrs. 


Over 2 yrs. 




Average of 
























Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 




1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 




1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


718 




1940 


91 


875 


1,647 


227 


2,753 


430 


3,250 


287 


681 


630 




1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 


2 


1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 


3 


1944 


37 


1,864 


2,273 


570 


4,686 


716 


5,531 


527 


1,842 


1,149 


3 


End of 
























1943-Oct. 


46 


1,827 


1,961 


319 


4,089 


601 


4,805 


453 


1,784 


781 


3' 


Nov. 


44 


1,619 


1,883 


952 


4,427 


623 


5,174 


488 


1,671 


965 


3 


Dec. 


43 


1,697 


1,948 


750 


4,356 


655 


5,149 


463 


1,664 


963 


3 


1944-Jan . 


42 


1 ,673 


2,026 


573 


4,244 


645 


5,025 


481 


1,670 


956 




Feb. 


41 


1,754 


2,124 


339 


4,180 


654 


4,974 


477 


1,681 


978 


3; 


1944-Oct. 


35 


2,144 


2,489 


323 


4,933 


729 


5,795 


588 


2,020 


1 ,232 [ 


3; 


Nov. 


34 


1,813 


2,343 


1,064 


5,212 


736 


6,062 


577 


1,830 


1 ,392 


1 


Dec. 


34 


1 ,862 


2,423 


852 


5,145 


746 


5,997 


541 


1,941 


1 .288 




1945-Jan . 


32 


1,816 


2,524 


709 


5,024 


745 


5,902 


557 


1,914 


1.267 




Feb. 


31 


1 ,859 


2,631 


531 


5,012 


j 55 


5,884 


529 


1 ,945 


l,2ss 





(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and 



CHARTERED BANKS : CANADIAN DEPOSITS : 1941-45 



MILLIONS OF DOLLARS 

3000 



2500 



MILLIONS OP DOLLAR 

300 




2000 



1500 



1000 



DMJSDMJSDMJSDMJSDMJSD 
1941 1942 1943 1944 1945 

•Chiefly Dominion and Provincial Government and Foreign Banks, 



. 



FEl 1 


. - MAR. 


1945 










BANKS 

a 












ASSETS 


ll 


Loans 


Total 
Assets 


CANADA 


ABROAD 


Call 


Current 


Current 


Call 


Current 






Public 


Other 








13 


140 


934 


87 


250 


261 


2,864 


)9 


267 


1,343 


112 


301 


248 


3,528 


)6 


117 


1,032 


165 


84 


172 


2,869 


10 


55 


855 


133 


48 


145 


3,592 


'9 


44 


969 


122 


44 


138 


3,707 


!7 


34 


1,091 


95 


44 


133 


4,008 


13 


29 


1,075 


SO 


56 


127 


4,400 


[4 


35 


1,053 


62 


81 


102 


5,149 


53 


G2 


1,022 


44 


100 


114 


5,990 


'0 


38 


985 


53 


76 


91 


5,267 


18 


43 


1,201 


58 


91 


99 


5,639 


10 


48 


1,104 


53 


96 


100 


5,609 


10 


53 


1 ,037 


48 


95 


101 


5,480 


14 


52 


955 


48 


107 


102 


5,426 


!2 


56 


954 


38 


112 


117 


6,261 


'6 


81 


1,231 


44 


91 


127 


6,528 


1 


92 


1,182 


29 


96 


130 


6,459 


'1 


95 


1,133 


23 


109 


126 


6,365 


!4 


SO 


1,102 


23 


95 


124 


6,340 



22 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 
in ( 3) 
Canada 


Canadian 
Deposits 

(4) 


Percent 
of Cash to 
Canadian 

Deposits 


Total 
Active 
Note (s) 
Circulation 




192 


1,958 


9.8 


195 


Average of 
Daily Figures 

1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


269 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


538 


1 ,575 


11.8 


835 


1944 


443 


4,000 


11. 1 


745 


Oct .-1943 


4S4 


4,322 


11.2 


745 


Nov. 


468 


4,267 


11.0 


769 


Dec. 


4S0 


4,200 


11.4 


763 


Jan. -1944 


482 


4,124 


11.7 


779 


Feb. 


585 


4,704 


12.3 


893 


Oct.-1944 


595 


5,079 


11.7 


892 


Nov. 


575 


5,099 


11.3 


910 


Dec. 


57S 


5,039 


11.5 


898 


Jan .-1945 


560 


4,959 


11.3 


910 


Feb. 



res given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 

< of Canada notes in public circulation and chartered bank note circulation, including an approximate amount for the latter item after September 1944. 



CHARTERED BANKS : CANADIAN DEPOSITS, LOANS &. DOM.-PROV. SECURITIES : 1941 -45 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



6000 



5000 



4000 



3000 



2000 



1000 




6000 



5000 



4000 



3000 



2000 



1000 



23 



FEB. - MAR. 14 







III— SECURITY PRICES 










Bank of Canada 






Dominion of Canada Bonds Payable in Canada Only 

Middle of the Market quotations 




Average of B 


usiness Days 


15th of Each Month 




3% Perpetuals 


Theoretical 

15 Year 

Bond 


Theoretical 

9 Year 

Bond 


Theoretical 
5 Year 
Bond 


Theoretical 
2 Year 
Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1938 


89.67 


3.35 


3.09 


2.76 


1.91 


1.13 


1939 


91.58 


3.28 


3.16 


2.90 


2.13 


1.54 


1940 


88.46 


3.39 


3.28 


2.95 


2.16 


1.48 


1941 


92.23 


3.26 


3.10 


2.92 


2.12 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.69 


2.14 


1.46 


Monthly 

1944— Apr. 


97.00 


3.09 


3.00 


2.68 


2.15 


1.45 


May 


97.00 


3.09 


3.00 


2.69 


2.15 


1.45 


June 


97.00 


3.09 


2.99 


2.68 


2.14 


1.45 


July 


97.00 


3.09 


2.99 


2.67 


2.14 


1.45 


Aug. 


97.12 


3.09 


2.99 


2.67 


2.12 


1.44 


Sept. 


97.25 


3.08 


2.99 


2.67 


2.10 


1.44 


Oct. 


97.25 


3.08 


2.99 


2.67 


2.10 


1.44 


Nov. 


97.19 


3.09 


2.99 


2.67 


2.10 


1.44 


Dec. 


97.25 


3.08 


2.99 


2.67 


2.08 


1.44 


1945— Jan. 


97.25 


3.08 


2.98 


2.65 


2.06 


1.42 


Feb. 


97.25 


3.08 


2.97 


2.64 


2.05 


1.41 


Mar. 


97.25 


3.08 


2.97 


2.60 


2.01 


1.40 



14% 



2.0% 



YIELDS OF DOMINION GOVERNMENT BONDS 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



1938-45 




26% 



32% 



JO/0 MJSDMJSDMJSDMJSDMJSDMJSDMJSDMJSD 

I938 I939 I940 I94I I942 I943 I944 I945 

1. Prior to 1040 figures are for 1st of month only. 2. Prior to 1040 figures are average of month. 



38% 



IfflT- MAR. 1945 



24 









III— SECURITY 


PRICES 
















Bank of Canada 










Government Bonds 

Middle of the market quotations 


3 Mon 


th Treasury Bills 




Average of Business Days 


Tender Rat 


e Nearest 15 th of Month 




Canada' 1 * 


U. K.< 2 > 


U.S.A."' 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1939 






93.83 


3.45 






.707 


1.315 


.022 


1940 


- 


- 


99.92 


3.00 


- 


- 


.699 


1.029 


.014 


1941 


- 


- 


100.88 


2.92 


- 


- 


.576 


1.006 


.100 


1942 


- 


- 


101.37 


2.86 


103.01 


2.24 


.537 


1.001 


.327 


1943 


100.32 


3.03 


101.05 


2.89 


103.83 


2.15 


.475 


1.007 


.373 


1944 


101.45 


2.92 


101.06 


2.88 


103.62 


2.15 


.385 


1.004 


.375 


Monthly 

1944— Apr. 


101.45 


2.92 


100.73 


2.92 


103.67 


2.15 


.389 


1.011 


.375 


May 


101.38 


2.93 


100.69 


2.92 


103.66 


2.15 


.389 


1.000 


.375 


June 


101.46 


2.91 


100.84 


2.90 


103.60 


2.15 


.385 


1.002 


.375 


July 


101.50 


2.91 


101.03 


2.88 


103.51 


2.16 


.380 


1.002 


.374 


Aug. 


101.50 


2.91 


101.13 


2.87 


103.66 


2.14 


.383 


1.002 


.375 


Sept. 


101.63 


2.89 


101.05 


2.88 


103.77 


2.13 


.380 


1.010 


.375 


Oct. 


101.63 


2.89 


101.17 


2.86 


103.76 


2.13 


.380 


1.001 


.376 


Nov. 


101.65 


2.89 


101.52 


2.82 


103.77 


2.12 


.380 


1.002 


.375 


Dec. 


101.75 


2.88 


101.64 


2.80 


103.69 


2.13 


.372 


1.004 


.375 


1945— Jan. 


101.92 


2.85 


101.77 


2.79 


104.13 


2.08 


.371 


1.006 


.375 


Feb. 


102.17 


2.82 


102.21 


2.73 


105.25 


1.97 


.371 


1.000 


.375 


Mar 


102.38 


2.79 


102.48 


2.70 


105.44 


1.95 


.365 


.999 


.375 



(1) Dominion of Canada 3% due Nov. 1, 1953-56 at 101. (2) United Kingdom 3% due July 15, 1954-58; price excluding accrued interest. 
(3) U. S. Treasury 2V 2 % due Mar. IS, 1956-58. 

LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1944-45 

Daily Opening Quotations 




25 



FEB. - 



IV— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 

Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregat 

Payrolls 

Index i 

(3) 

UnadjusU, 

June 1, 

1941 = 11 




Gold 


Nickel 


Steel 


News- 
print 


Central 
Electric 
Stations'" 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Annual Totals' 4 ' 

1926 


1,754 


33 


869 


1,889 


9,354 


110 


3,253 





65.1 




1929 


1,928 


55 


1,544 


2,727 


13,897 


129 


3,533 


140.5 


77.8 


— 


1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,176 


93.1 


57.2 


- 


1939 


5,094 


113 


1,551 


2,869 


19,405 


67 


2,549 


103.6 


74.5 


_ 


1940 


5,311 


123 


2,256 


3,419 


22,522 


68 


2,827 


116.2 


81.2 


- 


1941 


5,345 


141 


2,701 


3,426 


27,724 


92 


3,204 


133.8 


99.6 


— 


1942 


4,841 


143 


3,121 


3,177 


32,506 


79 


3,387 


149.7 


113.6 


128.3 


1943 


3,651 


144 


2,997 


2,983 


35,719 


79 


3,454 


150.8 


120.4 


144.9 


1944 


2,914 


137 


3,024 


2,992 


35,151 


131 


3,651 


165.7 


119.8 


148.2 


12-Months Ending 

Feb., 1945 


2,889* 


137* 


3,072 


3,014 


34,326 


130 


3,633 


167.9 


119.3 


147.9 


Monthly 

1943— Nov. 


267.7 


11.6 


259.4 


256.3 


3,104 


6.0 


318.9 


168.8 


123.4 


152.0 


Dec. 


262.8 


12.0 


227.8 


249.7 


3,195 


4.1 


288.0 


145.8 


124.6 


153.4 


1944— Jan. 


257.8 


11.8 


242.2 


242.7 


3,187 


3.5 


281.0 


151.3 


121.5 


140.4 


Feb. 


256.8 


11.2 


229.9 


240.0 


2,969 


8.3 


280.3 


156.3 


119.8 


148.1 


1944— Nov. 


223.1 


11.1 


268.9 


256.8 


2,904 


7.8 


326.9 


194.7 


120.4 


151.0 


Dec. 


228.9 


10.9 


243.5 


245.0 


2,757 


5.1 


271.7 


158.4 


121.6 


152.1 


1945— Jan. 


233.2 


11.9 


268.7 


264. S 


2,797 


4.3 


279.2 


163.3 


118.1 


138.] 


Feb. 






250.5 


239.7 


2,535 


6.3 


264.0 


181.2 


117.2 


146.4 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. 
Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending Jan., 1945. 



(3) First of Month. (4) Average of months in case 



EMPLOYMENT AND PAYROLLS IN INDUSTRY: 1941-45* 

MANUFACTURING INDUSTRIES TOTAL 



INDEX JUNE I 1941-100 




INDEX JUNE I 1941-100 




SDMJSDMJSDMJSDM JSDMJSDMJSDMJS 

1941 1942 1943 1944 1945 1941 1942 1943 1944 

* As reported by establishments with not less than IS employees. ** Aggregate earnings for the last »wi of the previous month. 



D M 
1945 



. 



FEB. - MAR. 1945 



26 



Unadjusted Index 1926 ■■ 



V— EMPLOYMENT AND PAYROLLS BY INDUSTRIES 1 

Dominion Bureau of Statistics 
..100 EMPLOYMENT INDEXES 





MANUFACTURING 


Mining 


Transpor- 
tation 


Construc- 
tion and 
Maint- 
enance 


Trade 


Total 

(ex. 
Finance) 

** 




Foods 


Forest 

Industries 

(2) 


Textiles 


Machinery 

and 

Vehicles 


Other 

Iron and 

Steel 


Other 

Manufac- 
turing 


Average of Months'" 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


107.8 


112.4 


107.2 


121.9 


130.2 


126.4 


120.1 


109.7 


129.7 


126.2 


119.0 


1933 


98.0 


70.6 


96.1 


62.5 


59.0 


92.5 


97.5 


79.0 


74.6 


112.1 


83.4 


1937 


118.0 


117.0 


125.6 


98.6 


115.8 


128.8 


153.2 


85.2 


99.5 


132.1 


114.1 


1938 


116.9 


103.8 


120.4 


93.5 


108.9 


129.3 


155.9 


84.4 


105.4 


132.6 


111.8 


1939 


121.2 


100.9 


121.5 


89.5 


110.0 


132.0 


163.8 


85.6 


113.0 


136.6 


113.9 


1940 


138.1 


118.3 


144.1 


115.7 


151.6 


144.3 


168.4 


89.7 


90.7 


142.9 


124.2 


1941 


156.2 


134.1 


159.2 


175.8 


249.3 


185.5 


176.6 


98.9 


126.6 


156.5 


152.3 


1942 


159.7 


139.4 


166.6 


229.3 


394.4 


235.3 


171.3 


105.5 


130.3 


156.1 


173.7 


1943 


165.4 


135.5 


160.4 


266.3 


465.2 


264.9 


158.5 


114.4 


129.8 


155.1 


184.1 


1944 


190.7 


146.7 


157.1 


274.3 


416.5 


261.0 


154.5 


121.2 


104.6 


164.2 


183.0 


Aver. 12-Mths. Ending 
























Feb., 1945 


192.9 


148.7 


157.2 


269.3 


404.9 


258.7 


153.0 


121.9 


103.9 


165.7 


182.2 


First of Month 
























1943-Oct. 


190.1 


132.8 


156.7 


274.1 


468.9 


267.2 


154.1 


120.0 


136.9 


156.3 


187.6 


Nov. 


182.7 


139.3 


156.6 


276.5 


465.5 


269.1 


155.4 


119.4 


135.3 


161.9 


188.7 


Dec. 


183.4 


149.7 


157.8 


2S0.1 


460.2 


269. S 


158.1 


119.7 


12S.3 


169.9 


190.5 


1944- J an. 


174.7 


151.6 


153.5 


282.4 


442.8 


266.3 


156.1 


117.5 


105.8 


172.0 


185.7 


Feb. 


177.0 


153.8 


157.7 


284.4 


438.8 


266.6 


159.5 


114.2 


90.9 


159.9 


183.2 


1944-Oct. 


219.9 


142.2 


154.9 


268.4 


396.0 


256.9 


150.6 


125.2 


114.2 


165.7 


183.3 


Nov. 


206.5 


153.2 


157.7 


262.9 


390.0 


257.4 


149.2 


123.9 


112.7 


170.3 


183.8 


Dec. 


205.6 


164.8 


159.2 


261.0 


3S3.3 


256. 8 


151.5 


124.2 


109.5 


179.5 


185.7 


194 5- J an. 


1S9.9 


164.1 


152.8 


254.8 


367.8 


251.4 


146.4 


122.3 


98.2 


180.8 


180.4 


Feb. 


187.8 


165.2 


159.7 


252.6 


373.9 


254.1 


151.5 


118.2 


89.9 


169.4 


178.9 



Thousands 



NUMBER OF EMPLOYEES : REPORTING FIRMS*: 1944-45 



Manufacturing 

Logging 

Mining , 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total (as above) 



NUMBER OF EMPLOYEES : FIRST OF MONTH 



Aug. 



1,179 

47 

73 

30 

1 58 

157 

48 

174 

65 



1,930 



Sept. 



1,185 

46 

72 

30 

160 

167 

48 

175 

65 



1 ,948 



Oct. 



1,172 

54 

71 

30 

161 

146 

48 

180 

67 



1 ,928 



Nov. 



1,160 

72 

70 

30 

160 

143 

47 

185 

67 



1 ,934 



Dec. 



1,154 

90 

71 

30 

160 

140 

48 

196 

66 



1 ,954 



Jan. 



1,115 

94 

69 

30 

158 

125 

47 

198 

66 



1,901 



Feb. 



1,127 

94 

71 

30 

152 

115 

48 

1N4 

67 



1,887 



Thousands of Dollars 



PAYROLLS : REPORTING FIRMS*: 1944-45 



AGGREGATE WEEKLY EARNINGS : FIRST OF MONTH 



Aug. 



Srpt. 



Oct. 



Nov. 



Dec. 



Jan. 



Feb. 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 



Total (as above) 



38,162 
1,246 
2,770 

930 
5,808 
4,534 

907 
4,614 
2,128 



61,097 



3S.5S1 
1,265 
2,738 

932 
5,860 
4,740 

919 
4,635 
2,119 



38,729 

1 ,437 
2,769 

930 
6,236 
4,491 

924 
4,734 
2,156 



38,486 

1,850 
2,770 

924 
6,119 
4,401 

934 
4,817 
2,159 



38,487 
2,254 
2,836 

920 
6,174 
4,159 

942 
5,001 
2,155 



33,695 
2,532 
2,401 

926 
6,110 
3,613 

905 
5,020 
2,159 



61,790 



62,406 



62,460 



62,926 



57,367 



37,258 
2,357 
2,802 

929 
5,939 
3,441 

938 
4,882 
2,186 



60,731 



* As reported by establishments with not less than 15 employees. ** Employment indexes for financial institutions were not compiled prior to 1940. 

(1) Average Jan. 1 - Dec. 1. (2) Lumber and Products, Pulp and Paper Products and Logging. 



27 



FEB. - MAk. iU-r 



CANADA 

Dominion Bureau of Statistics 



VI— WHOLESALE PRICES 

Index 1926 = 100 
U.K. 

Board of Traded 



U.S.A. 

Bureau of Labor Statistics 





Farm 






Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1938 


73.6 


72.7 


77.1 


78.2 


78.6 


1939 


64.3 


67.4 


73.9 


75.3 


75.4 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


88.8 


90.0 


1942 


82.5 


90.1 


98.1 


91.9 


95.6 


1943 


95.9 


99.1 


102.4 


93.1 


100.0 


1944 


102.9 


104.0 


101.4 


93.6 


102.5 


Monthly 












1944-Feb. 


104.3 


104.6 


102.3 


93.7 


102.7 


Mar. 


104.5 


104.8 


102.6 


93.8 


103.0 


Apr. 


104.0 


104.7 


102.4 


93.8 


102.9 


May 


101.8 


104.2 


101.3 


93.6 


102.5 


June 


102.0 


104.2 


101.2 


93.5 


102.5 


July 


102.0 


103.9 


101.2 


93.4 


102.5 


Aug. 


101.2 


103.6 


100.8 


93.5 


102.3 


Sept. 


101.0 


103.4 


100.7 


93.6 


102.3 


Oct. 


103.0 


103.3 


100.8 


93.6 


102.4 


Nov. 


103.1 


103.3 


100.8 


93.7 


102.4 


Dec. 


103.3 


103.6 


100.7 


93.7 


102.5 


1945-Jan. 


104.4 


104.3 


101.5 


93. 8 


102.8 


Feb. 


104.6 


104.5 


101.7 


93.8 


102.9 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


83.6 


87.7 


79.6 


81.8 


79.6 


83.0 


108.5 


110.2 


119.5 


123.1 


128.8 


128.6 


130.8 


131.4 


129.1 


134.1 


129.8 


132.8 


129.6 


133.1 


129.3 


133.6 


129.3 


134.0 


128.9 


134.0 


131.3 


134.8 


129.9 


135.2 


128.3 


134.8 


127.5 


134.5 


127.5 


134.7 


128.1 


134.9 


127.9 


134.9 


128.0 


134.9 



Farm 


Raw 








Products 


Materials 


Foods 


factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


68.5 


72.0 


73.6 


82.2 


78.6 


65.3 


70.2 


70.4 


80.4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


122.6 


112.1 


106.8 


100.2 


103.2 


123.5 


113.3 


105.0 


100.8 


104.0 


122.5 


112.8 


104.5 


100.4 


103.6 


123.6 


113.4 


104.6 


100.5 


103.8 


123.2 


113.2 


104.9 


100.8 


103.9 


122.9 


113.0 


105.0 


100.9 


104.0 


125.0 


114.2 


106.3 


100.9 


104.3 


124.1 


113.6 


105.8 


100.9 


104.1 


122.6 


112.7 


104.8 


100.9 


103.9 


122.7 


112.8 


104.2 


100.9 


104.0 


123.4 


113.2 


104.2 


101.0 


104.1 


124.4 


113.8 


105.1 


101.1 


104.4 


125.5 


114.6 


105.5 


101.1 


104.7 


126.2 


115.1 


104.7 


101.3 


104.9 


127.0 


115.6 


104.7 


101.5 


105.2 



(1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930=100 in 1930 and thereafter. (2) Bureau of Labor Statistics Index of 
Prices of Finished Products. 



RETAIL SALES AND RETAIL PRICES : 1939-45 



INDEXES 1935-39 = 100 



DOMINION BUREAU OF STATISTICS 



INDEXES 1935-39 = 100 




FEB. - MAR. 1945 



28 



Index 1935-39 = 100 



VII— RETAIL MERCHANDISE SALES 

Dominion Bureau of Statistics 



VALUE 





Country 
General 

Stores 


Department 
Stores 


Variety 
Stores 


Food 
Stores 


Restaurants 


Family 

Clothing 

Stores 


Men's 

Clothing 

Stores 


Women's 

Clothing 

Stores 


Annual Average 

1938 


103.2 


99.9 


105.2 


102.7 


99.4 


* 


99.0 


100.0 


1939 


100.7 


103.6 


113.2 


108.6 


97.2 


* 


100.2 


101.5 


1940 


106.7 


116.2 


133.8 


119.6 


105.1 


* 


114.2 


117.0 


1941 


116.2 


133.8 


161.3 


137.6 


123.3 


136.4 


136.5 


136.4 


1942 


132.9 


149.7 


185.5 


157.7 


147.4 


162.3 


162.4 


166.0 


1943 


148.0 


150.8 


185.5 


165.3 


176.9 


173.3 


164.8 


177.1 


1944 


161.5 


165.7 


194.7 


175.7 


189.7 


185.5 


175.8 


191.5 


Monthly 

1944— Jan. 


160.5 


151.3 


212.3 


169.7 


192.2 


173.1 


154.3 


182.0 


Feb. 


162.1 


156.3 


203.6 


171.3 


187.5 


178.2 


173.2 


191.5 


Mar. 


163.1 


174.0 


200.9 


174.9 


187.5 


170.8 


170.5 


203.6 


Apr. 


176.0 


174.0 


196.2 


180.5 


190.8 


176.7 


177.6 


181.5 


May 


164.1 


160.0 


191.8 


175.9 


185.1 


189.0 


185.6 


191.3 


June 


163.4 


143.4 


189.5 


192.1 


186.4 


183.4 


180.0 


179.5 


July 


159.9 


157.0 


186.8 


174.8 


187.5 


191.8 


179.2 


190.0 


Aug. 


161.0 


165.3 


184.4 


183.0 


182.7 


1S4.0 


169.4 


196.9 


Sept. 


154.0 


179.7 


191.2 


168.2 


184.4 


195.2 


172.2 


204.5 


Oct. 


160.6 


171.3 


199.1 


175.1 


195.1 


198.0 


ISO. 8 


191.3 


Nov. 


160.2 


194.7 


217.2 


172.3 


204.4 


19S.1 


187.2 


204.8 


Dec. 


163.1 


158.4 


184.1 


176.2 


190.6 


183.3 


172.5 


190.6 


1945— Jan. 


166.0 


163.3 


223.0 


176.2 


189.1 


L84.7 


L66.8 


191.1 


Feb. 


172.4 


181.2 


223.3 


1S2.5 


193.0 


200.2 


192.4 


221.4 



Index 1935-39 = 


--100 


















Shoe 
Stores 


Drug 
Stores 


Furniture 
Stores 


Hardware 
Stores 


Jewellery 
Stores 


Radio 

and Electrical 

Stores 


Total 


Retail 
Price 
Index 


Annual Average 


















1938 


98.4 


102.6 


98.1 


106.6 


* 


100.8 


101.4 


102.8 


1939 


96.6 


104.8 


102.0 


107.6 


* 


103.0 


105.1 


101.0 


1940 


106.6 


113.9 


118.1 


117.3 


* 


130.3 


117.5 


106.6 


1941 


126.7 


131.2 


126.4 ■ 


138.3 


149.5 


138.8 


133.9 


114.9 


1942 


153.7 


149.9 


127.1 


149.9 


167.9 


133.7 


152.7 


122.4 


1943 


162.0 


165.9 


118.4 


147.0 


193.8 


112.5 


160.3 


124.5 


1944 


172.3 


179.3 


130.2 


166.3 


220.0 


108.5 


172.7 


125.2 


Monthly 


















1944— Jan. 


147.6 


177.0 


139.5 


178.8 


206.5 


124.5 


167.3 


125.3 


Feb. 


167.7 


175.1 


125.7 


192.9 


200.7 


121.0 


169.6 


125.1 


Mar. 


180.5 


172.1 


137.8 


177. 8 


206.1 


119.9 


174.2 


125.1 


Apr. 


159.2 


174.6 


126.7 


159.6 


222.5 


115.1 


176.3 


125.4 


May 


177.2 


173.4 


132.3 


148.5 


202.9 


99.5 


170.9 


125.4 


June 


165.6 


177.0 


140.6 


160.7 


206.0 


115.5 


173.0 


125.1 


July 


183.8 


171.2 


155.0 


162.2 


218.1 


110.3 


170.9 


125.6 


Aug. 


181.3 


172.0 


120.2 


168.3 


198.7 


104.3 


173.0 


125.3 


Sept. 


169.9 


172.3 


112.6 


153.5 


224.4 


99.7 


170.9 


125.2 


Oct. 


175.9 


182.8 


124.2 


164.4 


228.2 


97.6 


174.7 


124.9 


Nov. 


191.3 


184.6 


137.8 


181.0 


250.2 


103.0 


181.9 


125.3 


Dec. 


168.8 


205.5 


125.7 


177.8 


238:6 


106.6 


172.8 


124.7 


1945— Jan. 


143.7 


187.5 


151.1 


199.8 


208.3 


11S.6 


175.0 


124.6 


Feb. 


182.3 


185.8 


143.5 


218.4 


242.7 


122.6 


185.7 


124.8 



' Adjusted for number of business days and seasonal variations * Not Available. 



29 



FEB. - MAR. 19T 



Millions of Dollars 



VIII— CONSTRUCTION*: 1935-43 

Dominion Bureau of Statistics 






1935 



1936 



1937 



1938 



1939 



1940 



1941 



1942 



1943 



VALUE OF WORK PERFORMED 



Type of Construction 

Residential Building 

Industrial Building 

Other Building 

Highways, Streets, etc 

Other Engineering 

All Other 

Total 

Of Which: New Construction . . . . 
Alterations, Repairs, etc. 

Provincial Distribution 

Maritimes 

Quebec 

Ontario 

Prairie 

B.C 

Total 



19 
10 
43 
60 
57 
27 



216 

141 
75 




27 
58 
91 
26 
14 



216 



258 



41 
41 
49 
93 
80 
48 



352 

245 
107 

39 

102 

148 

32 

32 

352 




353 



54 
37 
68 
87 
82 
46 

373 

259 
115 

37 

119 

145 

46 

27 

373 



60 

81 
117 

61 
104 

52 

474 

352 

122 

46 

127 

192 

74 

35 

474 



88 
178 
109 

68 
132 

65 

640 

491 
148 

54 

182 

261 

86 

57 

640 



76 
159 
116 

60 
158 

67 

636 

490 
145 

70 

205 

218 

71 

71 

636 






Costs of Materials Used 

Salaries and Wages Paid 


95 
105 


122 
113 


176 
151 


177 
147 


190 
153 


267 
180 


370 
236 


325 

262 


279 

247 



* The D.B.S. census of the construction industry is based on reports from 
general and trade contractors and sub-contractors, municipalities, the 
Harbours Board and Dominion and Provincial departments. The figures 
cover alterations, maintenance and repairs as well as new construction but 
do not include the following: work performed by certain firms not connected 
with the construction industry but which do this work with their own 
employees; work done by working proprietors or workers on their own account; 



and work done on urban and farm homes by the owners and tenants 
themselves 

An estimate of the gross value of construction for the year 1940 was mad< 
for the Advisory Committee on Reconstruction and was published in th( 
Canadian Journal of Economic and Political Science for May 1943. It in- 
dicates that the figures given in the above table for the year 1940 cover about 
55% of total construction activity in that year. 



CONSTRUCTION : 1935-43 

INDEX OF VALUE OF WORK PERFORMED : BY PROVINCES 



INDEX 1935-39 = 100 



INDEX 1935-39=100 





1936 



1937 1938 



1939 



1940 



1942 1943 



1936 



1937 



1938 1939 1940 1941 



1942 1943 



FEB. - MAR. 1945 

IX CASH INCOME FROM THE SALE OF FARM PRODUCTS: 1926-44 



30 



Millions of Dollars 



Dominion Bureau of Statistics 







BY PRODUCTS 






BY REGIONS 






Total 






















C ERTAIN 

Govt. 
Payments. 


incl 








Dairy 








Ontario 


Western 




Certain 
Govt 




Field 
Crops 


Livestock 


Products 

Poultry & 

Eggs 


All 
Other 


Total 


Maritimes 


AND 

Quebec 


Provinces 


Total 


* 


Payments 


1926 


561 


193 


164 


40 


958 


38 


351 


569 


958 


_ 


958 


1927 


525 


195 


173 


41 


934 


37 


348 


549 


934 


- 


934 


1928 


618 


210 


191 


45 


1,064 


37 


376 . 


651 


1,064 


- 


1,064 


1929 


483 


215 


187 


42 


927 


38 


367 


522 


927 


- 


927 


1930 


274 


158 


165 


35 


632 


37 


299 


296 


632 


- 


632 


1931 


178 


112 


128 


27 


445 


26 


225 


194 


445 


- 


445 


1932 


186 


80 


96 


22 


384 


20 


171 


193 


384 


- 


384 


1933 


191 


84 


100 


22 


397 


23 


177 


197 


397 


- 


397 


1934 


232 


111 


116 


26 


485 


26 


206 


253 


485 


- 


485 


1935 


231 


130 


122 


28 


511 


27 


219 


265 


511 


- 


511 


1936 


254 


155 


138 


31 


578 


29 


257 


292 


578 


- 


578 


1937 


263 


195 


150 


38 


646 


36 


302 


308 


646 


- 


646 


1938 


293 


164 


169 


38 


664 


34 


309 


321 


664 


- 


664 


1939 


332 


185 


166 


39 


722 


32 


319 


371 


722 


10 


732 


1940 


291 


245 


183 


47 


766 


40 


354 


372 


766 


2 


768 


1941 


312 


321 


230 


51 


914 


48 


431 


435 


914 




942 


1942 


348 


373 


317 


63 


1,101 


58 


530 


513 


1,101 


55 


1,156 


1943 


513 


448 


366 


75 


1,402 


70 


583 


749 


1,402 


32 


1,434 


1944 


761 


515 


394 


82 


1,752 


73 


628 


1,051 


1,752 


65 


1,817 



* Consists of payments under the Wheat Acreage Reduction Act, the Prairie Farm Assistance Act. the Prairie Farm Income Act. and under participation 
certificates issued by the Canadian Wheat Board in respect of the 1940. 1941 and 1942 crops, shown in the year in which payments were received. 



CASH INCOME FROM THE SALE OF FARM PRODUCTS : 1926-44 



DISTRIBUTION BY PRODUCTS 

MILLIONS OF DOLLARS 

2ooor 




DISTRIBUTION BY REGIONS 

MILLIONS OF DOLLARS 

12000 



1927 '31 

* See note above. 




31 



FEB. - MAR. Tl 



Millions of Dollars 



X— EXTERNAL TRADE 

Compiled from Trade of Canada, Dominion Bureau of Statistics 
1. MERCHANDISE IMPORTS'*"" 



Calendar Years 

1926 
1927 
1928 
1929 

1930 
1931 
1932 
1933 

1934 
1935 
1936 
1937 

193S 
1939 
1940 
1941 

1942 
1943 
1944 



TOTAL IMPORTS (Excluding Gold) FROM 



British 1 


SMPIRE* 2 ' 


U.K. 


Other <2) 


(l) 




165 


50 


183 


58 


191 


63 


195 


62 


163 


65 


'109 


43 


94 


35 


98 


35 


113 


44 


117 


57 


123 


66 


147 


89 


119 


67 


113 


75 


137 


106 


136 


143 


117 


114 


100 


104 


94 


110 



U.S.A. 



669 
707 
826 
894 

654 
394 
264 
217 

294 
312 
369 

491 

425 
497 

744 
1,004 

1 ,305 

1,424 
1,447 



Other Foreign Countries 



Europe 
«) 



74 
85 

92 
96 

81 
53 
40 
33 

36 
38 
39 
46 

40 
37 
19 

7 

5 
5 
9 



Far East 

(4) 



17 

16 
17 
17 

16 
11 

7 
6 



10 

12 

9 

9 

13 

10 



Central' 3 ' 

AND 

S. America 



33 
38 
32 
33 

29 

17 
14 
11 

16 
16 
25 
21 

16 
16 
35 
63 

54 
63 
80 



Other 



Total 

all 

Countries 

(l) 



1,008 
1,087 
1,222 
1,299 

1,008 
628 
453 
401 

513 
550 
635 
809 

677 

750 

1,057 

1,366 

1,600 
1,701 
1,743 



Re-Exporls 
Ex. Gold 



IS 
20 
24 
26 

79 
12 



7 
13 
13 
15 

11 
11 
14 
19 

22 
30 
43 



Retained 

Imports 

Ex. Gold 



993 
1,067 
1,198 
1,273 

989 
616 
445 
395 

506 
537 
622 

794 

666 

739 
1,043 

1 ,34(5 

1 .579 
1,671 

1,699 



Excess of 
Exports 

or 
Imports 



299 
176 
182 

83 

86 

28 

115 

216 

257 
307 
436 
382 

329 
342 
346 
496 

970 
1,443 
1,850 



Millions of Dollars 






2. MERCHANDISE EXPORTS'*' < 6 ' 












DOMESTIC EXPORTS (Excluding Gold) TO 




Total 




British Empire' 2 ' 


U.S.A. 


Other Foreign Countries 


Total 

all 

Countries 


Net 
N on- 
Monetary 

Gold 
Exports 


Exports 

Including 

Net 

Non- 

Monetary 

Gold 




U.K. 


Other' 2 ' 


Europe 

(j) 


Far East 

<4) 


Central' ' 
and 
S. America 


Other 

(7) 


Calendar Years 






















L926 


316 


96 


458 


2S1 


61 


15 


1 


1,261 


30 


1,292 


1927 


271 


90 


467 


293 


47 


36 


6 


1,210 


32 


1,243 


192S 


289 


00 


L82 


362 


60 


39 


s 


1,339 


40 


1,380 


1929 


225 


105 


403 


207 


OS 


45 


10 


1,152 


37 


1,190 


1930 


175 


81 


373 


156 


34 


31 


14 


864 


39 


903 


1931 


1 10 


10 


240 


ION 


24 


14 


13 


588 


57 


645 


1932 


151 


30 


150 


100 


20 


10 


12 


490 


70 


560 


1933 


1SS - 


44 


16S 


00 


21 


11 


7 


529 


82 


611 


1934 


238 


65 


210 


ss 


22 


15 


3 


649 


114 


763 


1935 


262 


71 


262 


85 


21 


10 


4 


725 


110 


844 


1936 


329 


85 


348 


1 1 1 


26 


IS 


s 


927 


132 


1,059 


1937 


384 


107 


3S2 


02 


33 


26 


7 


1,031 


1 15 


1,176 


193S 


334 


103 


261 


88 


26 


is 


5 


835 


161 


996 


1939 


331 


104 


336 


05 


34 


21 


5 


897 


L85 


1,081 


1940 


532 


157 


Lie 


30 


17 


28 


5 


1,186 


203 


1,389 


1941 


702 


300 


573 


8 


13 


35 


i 


1,638 


204 


1,842 


1942 


742 


625 


886 


46 


8 


28 


29 


2,364 


1S4 


2,548 


1943 


1 ,033 


558 


1.149 


100 


- 


29 


101 


2,971 


1 L2 


3,113 


1944 


1,235 


404 


1,301 


312 


15 


35 


is 


3,440 


110 


3.550 



* It is important to note that under wartime conditions import and export statistics are not reliable indicators of international payments arising out 
of commodity trade, e.g. goods may be shipped overseas for use of Canadian forces, or may be shipped to destinations other than the country of 
purchase. Estimated payments and receipts arising from visible trade are presented in the Balance of International Payments Statistics on pages 
7.3-74 of the Aug.-Sept. 1944 issue. 

(1) In the case of imports from the United Kingdon, does not include articles imported for the use of the armed forces of the United Kingdom, nor 
articles admitted free under Order in Council. 

(2) Includes Egypt. 

(3) Includes fur key and U.S.S.R. 

(4) China, Japan, Korei. Si. on. French Bast Indies, Netherland East Indies and Philippines. 

(5) Includes Non- British West Indie's and Mexico. 

((>) in tin- case >>t when, export clearance figures are based on Board of Grain Commissioners rather than Customs data up to Dec. 1041. After that 

date (owing to lack of available data' customs figures are used. 
(7) Largely French Africa and Iraq since l l >42. 



|EB. - MAR. 1945 




32 




XI— MERCHANDISE IMPORTS : 


COMMODITY CLASSIFICATION* 




Trade of Canada: Dominion Bureau of Statistics 




\tillions of Dollars (Excludi 


ng Gold) . 




Calendar 
Years 


Fruits 
and 

Nuts 


Vegetables 


Grains 
and 

Milled 
Products 
(inc. rice) 


Sugar 

and 

Products 


Tea 

and 

Coffee 


Meats 


Alcoholic 
Beverages 


Vegetable 
Oils 
(non- 
edible) 


Rubber 
(inc. syn- 
thetic) 


Furs 


Hides 

and 

Leather 

(unmfd. 

and mfd.) 


Other 

Vegetable 

and 

Animal 

Products 


1937 


30 


6 


18 


21 


14 




1 


8 


16 


20 


8 


12 


26 


1938 


24 


6 


17 


21 


14 




2 


7 


11 


11 


6 


8 


24 


1939 


28 


7 


9 


23 


15 




4 


7 


9 


16 


7 


12 


24 


1940 


32 


8 


7 


29 


15 




5 


6 


9 


35 


9 


12 


26 


1941 


35 


7 


8 


30 


16 




2 


6 


12 


39 


9 


13 


29 


1942 


36 


9 


9 


18 


16 




2 


7 


11 


23 


6 


14 


32 


1943 


51 


14 


10 


26 


20 




2 


5 


10 


24 


9 


13 


31 


1944 


75 


15 


12 


32 


27 




2 


6 


10 


20 


11 


10 


34 


Calendar 
Years 


Cotton 


SlI.K 

(raw and 
mfd.) 


Wool 


Artificial 
Silk 


Flax, Hemp 
and Jute 


Other 
Textiles 


Paper 


Books and 
Printed 
Matter 


Other Wood 


Raw and 
■ Unmfd. 


Mfd. 


Raw and 
Unmfd. 


Mfd. 


and Wood 
Products 


1937 


21 


20 


8 


16 


19 


4 


11 




17 


8 


15 


12 


1938 


14 


16 


7 


10 


16 


4 


9 




14 


8 


15 


9 


1939 


17 


19 


9 


11 


16 


6 


9 




15 


9 


15 


10 


1940 


26 


25 


10 


26 


21 


7 


15 




18 


9 


17 


13 


1941 


34 


32 


4 


28 


21 


10 


14 




18 


9 


15 


13 


1942 


41 


48 


2 


34 


22 


11 


13 




18 


11 


16 


11 


1943 


34 


52 


1 


34 


24 


12 


15 




23 


11 


18 


12 


1944 


42 


51 


2 


17 


20 


17 


18 




24 


12 


18 


13 



Calendar 
Years 


Chemicals 

and 

Allied 

Products 


Iron 
Ore 


Pigs, Ingots 
Blooms 

and 
Billets 


Bars and 

Rods inc. 

Rails 


Sheets, 

Plates. 

Hoop, Band 

and Strip 


Structural 

Iron and 

Steel 


Castings 

and 
Forgings 


Engines, 

Loco- 
motives 
and Boilers 


Farm 
Implements 

and 
Machinery 


Machinery 
(except 

agri- 
cultural) 


Motor 

Vehicles 

and 

Parts 


Other 
Iron 
and 
Steel 


1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 


49 


33 


1938 


35 


3 


1 


3 


21 


2 


3 


8 


20 


37 


39 


28 


1939 


44 


4 


1 


3 


26 


3 


3 


8 


21 


43 


42 


30 


1940 


52 


6 


4 


8 


41 


7 


4 


12 


31 


72 


64 


51 


1941 


65 


7 


11 


9 


43 


9 


6 


33 


31 


130 


79 


74 


1942 


67 


6 


12 


13 


52 


16 


7 


20 


24 


72 


81 


75 


1943 


70 


9 


11 


12 


36 


18 


9 


47 


20 


106 


72 


80 


1944 


75 


7 


2 


6 


40 


6 


7 


63 


41 


79 


95 


82 



Calendar 
Years 


Bauxite 
Ore 


Tin 

and 

Products 


Electrical 
Apparatus 


Other 

Non-ferrous 

Metals 


Coal 

and 

Products 


Petroleum 

and 
Products 


Glass 


Other 
Non- 
metallic 
Minerals 


War 
Materials 

• 


All 
Other 
Imports 


Total 
Imports 


1937 


4 


3 


16 


25 


42 


59 


9 


27 




48 


809 


1938 


2 


2 


13 


21 


39 


55 


7 


20 


- 


50 


677 


1939 


3 


3 


14 


22 


46 


56 


8 


23 


6 


48 


750 


1940 


5 


6 


21 


39 


56 


66 


10 


30 


44 


53 


1,057 


1941 


9 


10 


28 


48 


69 


75 


12 


34 


138 


42 


1,366 


1942 


12 


4 


28 


38 


92 


81 


11 


38 


393 


49 


1,600 


1943 


21 


2 


49 


44 


113 


90 


11 


37 


346 


49 


1,701 


1944 


10 


2 


58 


37 


123 


98 


14 


36 


315 


58 


1,743 



! For earlier years see pages 45-46 of the April-May 1944 issue, -k A wide variety of military equipment and materials for the munitions industry is included 
n this grouping which consists chiefly of items admitted under special conditions (largely Orders-in-Council P.C. 8097, 8255 and 8600). They are to a consider- 
ible extent the property of allied governments, but there are as well certain goods on Canadian Account. It is emphasized that there is no clear functional 
listinction between this grouping and the other headings, especially iron and steel and non-ferrous metals, the factor determining classification being the con- 
litions of ownership and admission rather than the physical description of the goods. 



■" 



TATISTICAL SUMMARY 

BANK OF CANADA 



Tables Charts Pages 
I Bank of Canada : 

Assets and Liabilities 33-34 

II Chartered Banks: 

Assets and Liabilities 35-36 

Canadian Deposits and Active Note Circulation 33 

Cash in Canada and Canadian Deposits 34 

Canadian Deposits 35 

Canadian Deposits, Loans and Dom.-Prov. Securities ... 36 

III Bank of Canada and Chartered Banks: Consolidated Items .... 37 

IV Security Prices: 

Govt. Securities, Payable in Canada only 37 

Govt. Securities, Canada, U.K. and U.S.A 38 

Yields of Govt. Bonds, Canada, U.K. and U.S.A 38 

V Bond Issues and Retirements 39 

VI Profit Statistics for 323 Companies 40 

VII Business Activity 41 

VIII Wholesale Prices 41 

IX Newsprint: North America 42 

Newsprint: North America 42 

X Central Electric Stations 43 

Installed Capacity and Output 43 

XI Steam Railways 44 

Revenue Freight Loaded 44 

XII Grains: Acreage and Production 45 

Wheat: Acreage and Average Yield per Acre 46 

Wheat: Production and Net Trade 46 

TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 

Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa 

APR. - MAY 1945 



33 














APR. - MAY 19 


r 


Millions of Dollars 
















I— 


a: 




LIABILITIES 






Chartered Bank Cash 






Active 




1 
A 

Lia 


M 




Notes 
in Tills 


Deposits 

at 
13. of C. 


Total 


Govt. 
Deposits 


Other (i) 
Deposits 


B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


let: 

5 


Average of 
















«= 


Month-end Figures 




















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


50.1 


6.6 




K 


1936-12 Mths. 


38.3 


186.8 


225.1 


20.3 


.9 


66.9 


9.2 




i: 


1937 


46.2 


193.7 


239.9 


24.3 


1.1 


94.9 


13.2 




': 


1938 


51.4 


200.7 


252.1 


21.2 


2.2 


109.7 


12.8 




n 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


129.3 


11.0 




K 


1940 


70.2 


217.2 


287.3 


42.4 


8.5 


206.9 


15.7 




J( 


1941 


86.4 


221.9 


308.3 


55.7 


6.7 


320.0 


19.5 




( 


1942 


100.2 


240.2 


340.4 


50.2 


17.2 


472.0 


22.6 


f. 


1943 


112.4 


300.4 


412.9 


47.6 


22.9 


661.0 


30.3 


1/4 


1944 


122.2 


404.7 


526.9 


41.2 


54.8 


821.3 


36.7 


1,« 


End of 


















1943-Dec. 


122.9 


340.2 


463.1 


20.5 


17.8 


751.5 


55.4 


1,*. 


1944-Jan. 


120.2 


360.9 


481.1 


34.8 


22.3 


740.4 


33.8 


1,.2. 


Feb. 


114.4 


362.7 


477.1 


40.1 


31.5 


761.0 


19.8 


l,:a 


Mar. 


100.3 


359.2 


459.5 


65.8 


22.8 


797.6 


44.5 


i,:o 


Apr. 


116.0 


385.2 


501.2 


24.6 


17.4 


799.3 


28.8 


i,"i 


1944-Dec. 


139.4 


401.7 


541.1 


12.9 


199.9 


896.6 


36.8 


1,i;t 


1945-Jan. 


143.9 


413.1 


557.1 


23.2 


208.2 


876.7 


39.8 


1,'M. 


Feb. 


131.5 


397.6 


529.2 


27.9 


207.6 


897.0 


24.7 


1,<K 


Mar. 


113.4 


422.0 


535.4 


18.7 


229.7 


935.4 


26.3 


1/5. 


Apr. 


139.7 


448.9 


588.6 


39.5 


222.7 


922.6 


32.3 


1,81. 



(1) Includes deposits payable in sterling. U.S.A. and foreign gold currencies shown under item 5 (a) of the Bank of Canada Statement since Nov. 30. 1Q44 

the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessaihro; 



CHARTERED BANK CANADIAN DEPOSITS &. ACTIVE NOTE CIRCULATION: 1941-45 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



7000 



6000 



5000 



4000 



3000 




7000 



6000 



5000 



4000 



3000 



* Bank oi Canada notes iii public circulation and chartered bank note circulation, including an approximate amount for the latter item aftet 
Septembei i ( >44. 



(APRIL - MAY 


1945 


















EANADA 


















Millions of Dollars 


ASSETS 








Reserve 






Securities 




All 
























id 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 

% 


Dom.-Prov. 
Under 
2 yrs. 


Dom.-Prov. 
Over 
2 yrs. 


Total (2) 


Advances 


Other 
Accounts 
























Average of 
Month-end Figures 


.2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


1935-10 Mths. 


,s 


1.8 


9.5 


191.1 


60.99 


38.3 


86.9 


125.2 


1.7 


4.5 


1936-12 Mths. 


.0 


2.5 


19.0 


203.5 


56.50 


59.7 


97.7 


163.9 


- 


5.9 


1937 


.2 


.8 


27.6 


209.6 


54.42 


123.6 


52.5 


181.1 


1.0 


6.3 


1938 


i.8 


- 


41.7 


252.5 


57.72 


142.8 


46.2 


189.1 


.2 


6.7 


1939 






* 


* 


* 


* 


* 


* 








.3 


- 


36.1 


111.4 




326.6 


108.4 


435.1 


3.5 


11.0 


1940 




- 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




- 


18.8 


18.8 




791.2 


339.5 ' 


1,130.6 


- 


25.2 


1943 




— 


44.1 


44.1 




831.1 


573.6 


1,407.1 


.4 


29.3 


1944 

End of 




- 


.6 


.6 




787.6 


472.8 


1,260.4 


- 


47.3 


Dec .-1943 




- 


.4 


.4 




799.9 


486.8 


1,286.7 


- 


25.4 


Jan. -1944 




- 


.2 


.2 




7S9.2 


508.9 


1,298.1 


- 


31.3 


Feb. 




- 


.3 


.3 




788.9 


557.0 


1,345.9 


- 


44.0 


Mar. 




- 


.2 


.2 




777.1 


567.7 


1,344.7 


- 


26.4 


Apr. 




- 


172.3 


172.3 




906.9 


573.9 


1,490.8 


— 


24.3 


Dec-1944 




- 


172.3 


172.3 




914.5 


590.2 


1,514.7 


- 


18.0 


Jan. -1945 




- 


170.4 


170.4 




891.6 


595.5 


1,497.0 


- 


19.0 


Feb. 




- 


177.1 


177.1 




926.5 


608.7 


1,545.2 


- 


23.2 


Mar. 




— 


196.6 


196.6 




937.7 


621.7 


1,569.5 


— 


39.7 


Apr. 



34 



Securities". *May 1940 and subsequent figures give effect to the enactment, under the War Measures Act. ot the Foreign Exchange Acquisition Order and 
, were sold to the Foreign Exchange Control Board, and the Bank's minimum gold reserve requirement was temporarily discontinued. 



CHARTERED BANKS: CASH IN CANADA* AND CANADIAN DEPOSITS : 1941-45 

MILLIONS OF DOLLARS MILLIO NS OF DO LLARS 

70001 



6000 



5000 



4000 



3000 




j 

1941 

See note (3) on page 35 



M J S D 

1945 



35 





















APR. 


- MAY l 1 
























ii— cA 


Millions of Dollars 




















1 




LIABILITIES 






Notes 


Deposits 


Cash 
in (3) 
Canada 


Securities 






Demand 


Notice 


Dom. 
and Prov. 


Canadian 
Deposits'" 


Foreign 


Total (2) 
Deposits 


DOM.- 


PROV. 


, 




Under 2 yrs. 


Over 2 yrs. 




Average of 
























Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 




1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


] 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


I 


1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


718 




1940 


91 


875 


1,647 


227 


2,753 


430 


3,250 


287 


681 


630 


1 


1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 ' 


761 


722 


'' 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 


I 


1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 


t r 


1944 


37 


1,864 


2,273 


570 


4,686 


716 


5,531 


527 


1,842 


1,149 


; 


End of 
























1943-Dec. 


43 


1,697 


1,948 


750 


4,356 


655 


5,149 


463 


1,664 


963 


, r 


1944-Jan. 


42 


1 ,673 


2,026 


573 


4,244 


645 


5,025 


481 


1,670 


956 


t 


Feb. 


41 


1,754 


2,124 


339 


4,180 


654 


4,974 


477 


1,681 


978 


:, 


Mar. 


40 


1,892 


2,225 


251 


4,340 


666 


5,140 


459 


1,796 


1,010 


'; 


Apr. 


39 


1,987 


2,254 


265 


4,483 


691 


5,297 


501 


1,996 


1 ,033 


3 


1944-Dec. 


34 


1 ,862 


2,423 


852 


5,145 


746 


5,997 


541 


1,941 


1,288 


5 


1945-Jan. 


32 


1,816 


2,524 


709 


5,024 


745 


5,902 


557 


1,914 


1,267 


c 


Feb. 


31 


1 ,859 


2,631 


531 


5,012 


755 


5,884 


529 


1 ,945 


1,288 


c 


Mar. 


31 


1,935 


2,725 


279 


4,938 


739 


5,792 


535 


1,878 


1,326 


A 


Apr. 


30 

- 


2,113 


2,7:55 


362 


5,175 


766 


6,084 


5S9 


2.004 


1,381 





(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes ancDti 



CHARTERED BANKS : CANADIAN DEPOSITS : 1941-45 

MILLIONS OF DOLLARS MILLIONS OT DOLLARS 

3000 



2500 



2000 



1500 




1000 



D M J S D 

1941 

* Chiefly Dominion and Provincial Government and Foreign Banks 



\PR. - MAY 1945 

i BANKS 



36 



:■' 



Call 



140 
267 

117 

55 
44 
34 



ASSETS 



Loans 



CANADA 



Current 
Public 



934 
1 ,343 
1,032 

855 

969 

1,091 



3 29 


1,075 


80 


4 35 


1 ,053 


62 


3 62 


1,022 


44 


48 


1,104 


53 


53 


1,037 


48 


4 52 


955 


48 


6 41 


931 


51 


42 


867 


53 


1 92 


1,182 


29 


1 95 


1,133 


23 


4 80 


1,102 


23 


6 78 


1 ,067 


27 


9 82 


1 ,023 


25 



Current 
Other 



ABROAD 



Call 



87 
112 
165 

133 

122 

95 



Current 



250 


261 


301 


248 


84 


172 


48 


145 


44 


138 


44 


133 


56 


127 


81 


102 


100 


114 


96 


100 


95 


101 


107 


102 


94 


112 


80 


117 


96 


130 


109 


126 


95 


124 


91 


120 


101 


122 



Total 
Assets 



2,864 
3,528 
2,869 

3,592 
3,707 
4,008 

4,400 
5,149 
5,990 

5,609 
5,480 
5,426 
5,589 
5,742 

6,459 
6,365 
6,340 
6,249 
6,546 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 

in <3) 
Canada 


Canadian 
Deposits 

(4) 


Percent 
of Cash to 
Canadian 

Deposits 


Total 
Active 
Note (5) 
Circulation 




192 


1,958 


9.8 


195 


Average of 
Daily Figures 

1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


269 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


53S 


4,575 


11.8 


835 


1944 


468 


1,267 


11.0 


769 


Dec-1943 


480 


4,200 


11.4 


763 


Jan. -1944 


482 


4,124 


11.7 


779 


Feb. 


491 


4,163 


11.8 


801 


Mar. 


510 


4,352 


11.7 


818 


Apr. 


575 


5,099 


11.3 


910 


Dec-1944 


578 


5,039 


11.5 


S9S 


Jan. -1945 


560 


4,959 


11.3 


910 


Feb. 


555 


4,912 


11.3 


931 


Mar. 


586 


4 ,993 


11.7 


940 


Apr. 



es given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 

;of Canada notes in public circulation and chartered bank note circulation, including an approximate amount for the latter item after September 1944. 



HARTERED BANKS : CANADIAN DEPOSITS, LOANS &. DOM.-PROV. SECURITIES : 1941 -45 



MILLIONS OF DOLLARS 



MILLIONS Or DOLLARS 



6000 



5000 



4000 




3000 



2000 



1000 



37 



APR. - MAY l<ff 



III— BANK OF CANADA AND CHARTERED BANKS 

Bank of Canada 



CONSOLIDATED ITEMS 



Millions of Dollars 



Twelve Months Ending March 31:- 



1939 



1940 



1941 



1942 



1943 



1944 



1. INCREASE ( + ) OR DECREASE (-) IN VOLUME OF CANADIAN MONEY V 






Bank of Canada Notes Held by the Public . . 
Chartered Bank Notes Held by the Public . . 
Public Notice Deposits with Chartered Banks 
Public Demand Deposits with Chartered Banks 
"Other" Deposits with Bank of Canada'". . . . 

Sub-Total 

Dom. Govt. Deposits with Bank of Canada. . 
Other Can. Deposits with Chartered Banks' 2 '. . 

Total 



+ 11 


+ 51 


+ 121 


+ 125 


_ 2 


- 5 


- 8 


- 9 


+ 77 


- 39 


+ 42 


-153 


+ 57 


+ 44 


+ 301 


+ 93 


+ 4 


+ 4 


- 2 


- 2 


+ 147 


+ 54 


+454 


+ 54 


— 5 


+ 28 


- 31 


+ 102 


+ 25 
+ 167 


+ 191 
+272 


-119 


+ 404 
+560 


+304 



+ 201 

- 17 
+ 340 
+ 515 

+_ 19 

+ 1,057 

- 98 

- 407 

+ 552 



+ 187 

- 15 
+ 336 
+ 233 

— 2 

+ 739 

+ 45 
+ 22 

+ 806 



2. INCREASE ( + ) OR DECREASE (-) IN CERTAIN BANK ASSETS 



Gold Reserve of Bank of Canada' 31 

Exchange Reserve of Bank of Canada' 3 '. . 
Dom.-Prov. Securities Held by Bank of Canada 
Dom.-Prov. Securities Held by Chart'd Banks 
Other Securities Held by Chartered Banks' 4 ' 
Canadian Loans of Chartered Banks 

Total 



+ 22 


+ 23 


-226 


_ 


+ 11 


+ 27 


+ 9 


+ 207 


2 


+ 38 


+328 


+ 70 


+ bo 


+ 111 


+ 217 


+ 117< 5) 


- 8 


- 16 


- 26 


- 25 


+ 65 


+ 169 


- 17 


+ 184' S) 


+ 143 


+353 


+285 


+553 



276 
433 
728 (s 

10 
307' 5) 



+ 568 



1945 



+ 138 

- 9 
+ 499 
+ 43 
+ 30 

+ 701 

- 47 
+ 55 

+ 710 



+317 

+ 435' 5) 
- 10 

0(5) 

+ 738 



+ 189 

+ 398* 51 
+ 42 
+ 14S' S) 

+ 777 



Actu? 
Volume|f 
Money id 

Bank 
Assets I 
Mar. 31. 5 






93. 
3 

2.72. 
1 .93. 

~i 
5,67« 

' 1! 
27.' 

5,97f 



1 ,531 

3.20- 
1& 

1.17: 

6,09< 



(1) Excluding deposits of Chartered Banks and deposits in foreign currencies shown under. Item 5 of Liabilities on Bank of Canada statement. (2) Yariati'i 
in this item are accounted for mainly by Dom. Govt. Deposits, (i) In May. 1940 the Bank of Canada sold gold and exchange amounting to $25?. 5 millions) 
the Foreign Exchange Control Board and acquired additional government securities. (4) Excluding foreign government securities. (5) Including loans at 
security holdings connected with instalment purchases of Victory Bonds, changes in which amounted in the aggregate under these items to +210. — 17.1. 4. 
and +16 in the periods ending in 1942. 1943, 1944 and 1945 respectively. (6) Excluding exchange equal to the amount of deposits in foreign currencies shop 
under Item 5 of Liabilities on Bank of Canada Statement. 



IV— SECURITY PRICES 

Bank of Canada 





Dominion < 


)f Canada Bonds Payable in Canada Only 

Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 






Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1938 


89.67 


3.35 


3.09 


2.76 


1.91 


1.13 


1939 


91.58 


3.28 


3.16 


2.90 


2.13 


1.54 


1940 


88.46 


3.39 


3.28 


2.95 


2.16 


1.4S 


1941 


92.23 


3.26 


3.10 


2.92 


2.12 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1 .48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.69 


2.14 


1.40 


Monthly 














1944— June 


97.00 


3.09 


2.99 


2.68 


2.14 


1.45 


July 


97.00 


3.09 


2.99 


2.67 


2.14 


1.45 


Aug. 


97.12 


3.09 


2.99 


2.67 


2.12 


1.44 


Sept. 


97.25 


3.08 


2.99 


2.67 


2.10 


1 .44 


Oct. 


97.25 


3.08 


2.99 


2.67 


2.10 


1.44 


Nov. 


97.19 


3.09 


2.99 


2.67 


2.10 


1.44 


Dec. 


97.25 


3.08 


2.99 


2.67 


2.08 


1.44 


1945— Jan. 


97.25 


3.08 


2.98 


2.65 


2.06 


1.42 


Feb. 


97.25 


3.08 


2.97 


2.64 


2.05 


1.41 


Mar. 


97.25 


3.08 


2.97 


2.60 


2.01 


1.40 


Apr. 


97.25 


1.08 


2.96 


2 X 57 


1.97 




May 


97.31 


3. OS 


2.96 


2.57 


1 .97 





\PR. - MAY 1945 



38 



IV— SECURITY PRICES 

Bank of Canada 





Government Bonds 

Middle of the market quotations 


3 Mon 


th Treasury Bills 




Average of Business Days 


Tender Rat 


: Nearest 15 th of Month 




Canada*" 


U. 


K.< 2 > 


U.S.A.") 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1939 






93.83 


3.45 






.707 


1.315 


.022 


1940 


- 


- 


99.92 


3.00 


- 


- 


.699 


1.029 


.014 


1941 


- 


- 


100.88 


2.92 


- 


- 


.576 


1.006 


.100 


1942 


- 


- 


101.37 


2.86 


103.01 


2.24 


.537 


1.001 


.327 


1943 


100.32 


3.03 


101.05 


2.89 


103.83 


2.15 


.475 


1.007 


.373 


1944 


101.45 


2.92 


101.06 


2.88 


103.62 


2.15 


.385 


1.004 


.375 


Monthly 

1944— June 


101.46 


2.91 


100. S4 


2.90 


103.60 


2.15 


.385 


1.002 


.375 


July 


101.50 


2.91 


101.03 


2.88 


103.51 


2.16 


.380 


1.002 


.374 


Aug. 


101.50 


2.91 


101.13 


2.87 


103.66 


2.14 


.383 


1.002 


.375 


Sept. 


101.63 


2.89 


101.05 


2.88 


103.77 


2.13 


.380 


1.010 


.375 


Oct. 


101.63 


2.89 


101.17 


2.86 


103.76 


2.13 


.380 


1.001 


.376 


Nov. 


101.65 


2.89 


101.52 


2.82 


103.77 


2.12 


.380 


1.002 


.375 


Dec. 


101.75 


2.88 


101.64 


2.80 


103.69 


2.13 


.372 


1.004 


.375 


1945— Jan. 


101.92 


2.85 


101.77 


2.79 


104.13 


2.08 


.371 


1.006 


.375 


Feb. 


102.17 


2.82 


102.21 


2.73 


105.25 


1.97 


.371 


1.000 


.375 


Mar 


102.38 


2.79 


102.48 


2.70 


105.44 


1.95 


.365 


.999 


.375 


Apr. 


102.50 


2.77 


102.42 


2.70 


106.40 


1.85 


.365 


1.009 


.375 


May 


102.54 


2.77 


101.90 


2.76 


106.S5 


1.80 


.367 


1.000 


.375 



(1) Dominion of Canada 3% due Nov. 1, 1953-56 at 101. (2) United Kingdom 3% due July 15, 1954-58; price excluding accrued interest. 
(3) U. S. Treasury 2K% due Mar. 15, 1956-58. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1944-45 

Daily Opening Quotations 




3.0% 



39 



APR. - MAY 19<! 



Par Values in Millions of Canadian Dollars 



V— BOND ISSUES AND RETIREMENTS" 

Bank of Canada 



Calendar Years 

1941 
1942 
1943 

1944 

1944— I 
II 

III 
IV 

1945— I 



I-Dominion Direct & Guaranteed 
and Other G.N.R. 



New Issues 



934.5 
2,072.7 
3,047.8 

3,122.1 

17.4 
1,419.5 

12.6 
1,672.6 

14.5 



Retirements 



397.6 
534.4 
590.2 

497.5 

24.2 

137.4 

118.7 

217.3 

7.9 



Net New 

Issues or 

Retirements 



536.9 
1,538.3 
2,457.6 
2,624.5 

6.8 

1,282.1 

106.1 

1,455.4 

6.5 



II-Provincial Direct and Guaranteed 



New Issues 



New 



30.4 
13.8 
47.3 
12.6 

4.6 
.5 
2.5 
5.0 
2.0 



Refunding 



51.5 
129.6 
101.1 

88.8 (2) 

13.6 

21.0 

25.2 

29.1"' 

47.1 



Retirements 



Refunded 



66.5 
133.0 
106.3 

86.9 

14.4 
10.3 
39.2 
23.0 
6.8 



Other 



34.0 
44.9 
55.1 
71.9 

21.7 
22.4 
15.1 
12.7 
10.3 



Net New 

Issues or 

Retirement. 



18.6 
34.6 
13.0 
57.4 

17.9 
11.2 
26.7 
1.6 
32.1 





III-Corporations 




New 


SSUES 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Others 


Calendar Years 












1941 


17.5 


3.8 


3.8 


81.4 


63.9 


1942 


7.9 


39.1 


41.7 


81.1 


75.9 


1943 


21.8 


39.1 


39.1 


83.8 


62.0 


1944 


45.3 


95.5 


95. 5 W 


83.3 


37.9 


1944— I 


2.4 


33.6 


32.0 


13.9 


9.8 


II 


18.6 


35.2 


22.9 


19.5 


11.4 


III 


12.2 


4.5 


18.4 


21.2 


22.9 


IV 


12.1 


22.2 


22.2 W 


28.7 


16.6 


1945— I 


5.8 


80.4 


42.2 


12.3 


31.8 



I+II+III 



Net New 

Issues or 

Retirements 



454.4 
1,427.8 
2,382.7 
2,529.2 

34.5 

1,282.3 

155.7 

1,437.2 

70.4 



IV— Dominion Treasury Bills. 
Deposit Certificates and Speci 
Short-Term Issues Sold to Ban 
of Canada and Chartered Bam 



Net New 

Issues or 

Retirements 



290 
633 
535 

248 

105 
70 

121 
48 
55 



Total 

Outstanding 

at End of Period 



970 
1,603 

2,138 
2,386 

2,243 
2,313 
2,434 
2,386 
2,331 



Par Values in Millions of Canadian Dollars 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER CN.R. 
* AND CORPORATION BONDS 



in 





NEW ISSUES were payable i 


n: 




Retirements were pay 


able in: 




Net Increase or 

Net Decrease 

In Bonds Outstam 




Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
& London 


London 


Total 


Ing Payable: 




In Canada 
only 


Abroat 


Calendar Years 

1941 


1,023.3 


14.0 




.4 


1,037.7 


326.7 


29.8 


18.0 


21.4 


187.4 


583.3 


696.5 


242.1 


1942 


2,231.9 


30.1 


.() 


.4 


2,263.0 


407.3 


12.6 


49.3 


97.5 


268.6 


835.2 


1,824.6 


369.9 


1943 


3,113.2 


1 13.3 


2 


.4 


3,257.1 


522.0 


259.6 


52.3 


21.8 


18.7 


874.4 


2,591.2 


208.6 


1944 


3,264.5 


83.8 


15.1 


.9 


3,364.4 


619.6 


27.2 


67.0 


102.1 


19.3 


835.2 


2,644.9 


115.7 


1944 1 


35.9 


32.4 


3.3 


„ 


71.6 


60.7 


2.6 


34.2 


6.7 


2.0 


106.2 


24.8 


9.7 


II 


1,458.8 


29.0 


(i.l 


.9 


1,494.8 


180.4 


12.8 


15.7 


2.9 


.7 


212.5 


1,278.4 


3.9 


III 


12.1 


1 1.5 


- 


- 


56.9 


110.3 


3.2 


9.2 


84.0 


5.9 


212.6 


67.9 


87.8 


IV 


1,727.1 


7.9 


5.7 


- 


1,741.1 


268.1 


8.6 


7.9 


1.5 


10.7 


303.9 


1,459.3 


22.1 


19 15 1 


7S.7 


2(1.9 


44.2 




149.8 


41.1 


2.1 


2.2 


33.1 


.9 


79.5 


37.6 


32.8 



* Issues payable in Foreign Currency are included at the par of exchange up to Sept. IS. 1').?'). but thereafter e inversion is made on the basis of the official rati 
of the Foreign Exchange Control Hoard. (1) Subject to revision. War Savings Certificates are included. Provincial Treasury R .11 Domink) 

Treasury Bills. Deposit Certificates and special short-term issues sold to Bank of Canada and the chartered banks arc not included in Heading I but are 
separately in Heading IV. Because of lack of sufficient data no tabulation of retirements by municipalities and religious institutions was p >ssible. However, th 
net reduction of total municipal bonded debt less sinking funds has been (in millions of dollars) approximately 4o. 56, 47 and :<> years 1°4 

to 1944. (21 The $2.5 mm. Province of Quebec issue delivered in January 1945 and made to refund maturities which fell due in 1»M i« treated as having bee 
sold in the last rpiarter of 1044. (3) Bonds amounting to $13.6 mm. which were called in January 1945 and refunded by issues sold in the last quarter of 1»4 
arc shown as having been retired in December 1944. 



1APR. - MAY 1945 40 
VI PROFIT STATISTICS FOR 323 COMPANIES* : 1936-44 

Millions of Dollars 
SUMMARY STATEMENT 


Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


\Jet Operating Profit (Before Depreciation)' 1 ' 

Jepreciation m 

nvestment and Other Non-Operating Income (Net). . . 
3ond Interest (incl. Exchange & Amortization of Discount) 

Vet Profit before Income & E.P.Tax Provision 

Income & E.P.Tax Provision (ex. Refundable Portion). . . 

Vet Income to Stockholders'" 

Forced Saving (Refundable Portion of Excess Profits Tax) 

Vet Income Available for Dividends'" 


292 

78 
42 
38 


358 
84 
46 
37 


302 
81 
43 
35 


357 
86 

39 
36 

274 
53 


449 

101 

35 

37 


553 

121 
37 
36 

433 

195 


616 

139 
31 
35 


599 

139 

31 

35 


545 

119 

33 

34 


218 

38 


283 

49 

234 


229 
40 


346 
126 

220 
220 


473 
232 


456 

230 

226 

24 


425 
212 


180 


189 


221 


238 


241 

13 


213 

20 


180 


234 


189 


221 


238 


228 


202 


193 


Vet Income Paid Out in Cash Dividends 

undistributed Income (ex. Forced Saving)'" 


147 
33 


178 
56 


185 
4 


180 
41 


177 
43 


176 
62 


167 
61 


162 

40 


160 
33 



NET INCOME TO STOCKHOLDERS : INDUSTRIAL CLASSIFICATION 



"ood 

Orink 

robacco 

Rubber 

Textiles and Apparel 

Pulp and Paper 

Paper Products 

Iron, Steel and Products . . . 

Machinery 

Electrical Mach'y & Equip. 

Gold Mining 

Dther Non-ferrous Metals. . 

Non-metallic Minerals 

(incl. Fuels) 

Petroleum Refining 

Chemicals 

Other Manufacturing 

Mining & Manufacturing 

Trade and Service 

Electric Utilities 

Communications 

Storage & Transportation <3) 

Total of 323 Companies 



Numb,, 

of 

Compnnu 



31 
9 

2 

5 
30 

17 
12 

24 
24 
15 

16 
10 
25 

3 

19 
18 

260 

29 

14 

5 

15 

323 



1936 



7.1 

8.3 
6.1 

1.8 
4.7 



.9 

3.5 
4.4 
3.6 

20.0 
59.1 

5.1 

29.1 
7.6 
1.7 

163.0 

2.8 

6.7 
6.9 

.4 



179.8 



1937 



7.5 

10.2 
6.5 

1.8 
4.7 

3.9 
1.3 

7.3 
8.6 
6.5 

20.2 
84.0 

7.7 

31.5 

9.5 
2.2 



213.4 

4.2 

8.4 

7.6 

.4 

234.0 



1938 



5.3 

10.0 
6.5 

2.7 
2.9 

2.2 
1.2 

4.9 
7.0 
5.4 

22.4 

56.0 

8.4 

29.1 

7.8 
1.6 

169.0 

4.0 

7.8 
7.9 



188.7 



11.8 
9.3 
6.5 

2.5 
6.1 

2.0 
1.3 

8.4 

4.8 
5.4 

22.9 
67.6 



25.7 

11.3 

2.7 

197.0 

5.1 

9.1 
8.0 
1.5 

220.7 



8.7 
9.5 
6.2 

2.0 
5.4 

10.2 
1.2 

8.1 
7.6 
5.9 

23.4 

66.4 

8.1 

21.5 

10.3 

2.0 



196.5 

4.4 

8.3 
8.1 
2.6 



219.9 



Net 
Income to 
Stockholders 



8.6 

11.0 
6.0 

2.6 
7.2 

10.3 

1.5 

8.7 
11.1 

7.4 

22.5 
72.5 



19.6 

10.4 

1.8 

210.1 

5.3 

8.9 
9.7 
3.9 



237.9 



1942 



9.5 

13.7 

6.1 

3.2 
7.6 

7.9 
1.5 

10.2 

14.2 

8.6 

17.9 

71.2 

9.2 

18.4 
9.6 
2.3 

211.1 

6.1 

10.2 
9.8 
3.8 

241.0 



Of which:— 
Forced 



.5 
.4 
.2 

.5 
.9 

.2 
.1 

1.4 
2.1 
1.5 



1.5 
.4 

.1 
.3 
.2 

10.3 



.9 

.8 
.4 

13.2 



1943 



Net Of which:- 

Income to Forced 



9.9 

13.7 
6.1 

3.0 
6.6 

6.3 
1.5 

10.0 

12.8 

7.5 

14.4 

66.7 

7.8 

20.3 
8.5 
2.0 

197.1 

6.3 

10.0 
9.2 
3.7 

226.3 



Net 
Income to 
Stockholders 



2.1 

1.2 

.2 

.5 
1.3 

.6 
.4 

2.0 
4.3 
1.9 



1.7 
.7 

.2 
.5 
.3 

17.9 

1.8 

1.0 

2.0 

.9 

23.6 



1944 



10.1 

13.4 
6.1 

2.5 
6.8 



1.5 

9.2 

11.8 

8.2 

10.1 

57.4 

6.8 

20.5 
9.3 
2.2 

184.7 

6.9 

9.0 
9.4 
3.4 

213.4 



Ofwhich:- 
Forced 
Saving 



1.5 

2.3 

.2 

.4 
1.1 

1.0 
.4 

1.3 
2.3 
1.5 



1.3 
.5 

.1 
.8 
.6 

15.3 

2.0 

.4 

2.0 

.6 

20.3 



* Compiled by Bank of Canada. Includes those companies out of the 
sample covered in the tabulations on page 11 of the Dec. -Jan. 1945 and 
page 72 of the Aug. -Sept. 1944 issues of the Statistical Summary for which 
1944 statements had become available in time for publication. 

1) For purposes of comparability any special capital charges made against 
income account in company reports have been added back as well as 
"contingent" and "general" reserves. Special inventory reserves (amount- 



ing to .3, .5. .2. 1.0, 3.1. 6.5, 3.5, 4.7 and 3.8 in the years 1936-1944 
respectively), whether shown by the company in operating expenses or as 
an adjustment to earned surplus, have been deducted in arriving at Net 
Operating Profit. 

(2) Includes deferred development and depletion provision amounting to 
5.7, 8.5, 8.5. 8.3, 9.0, 9.1, 8.9, 7.8 and 7.9 in the years 1936-1944 respectively. 

(3) Includes grain elevators; does not include any railways. 



41 



APR. - W 



19T 



VII— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 

Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggrega t 
Payrolls 




Gold 


Nickel 


Steel 


News- 
print 
(i) 


Central 
Electric 
Stations' 2 ' 


Index 

(3) 

Unadjust 

June 1, 

1941 = n 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Annual Totals' 4 ' 

1926 


1,754 


33 


869 


1,889 


9,354 


110 


3,253 


— 


65.1 




1929 


1,928 


55 


1,544 


2,727 


13,897 


129 


3,533 


140.5 


77.8 


- 


1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,176 


93.1 


57.2 


~ 


1939 


5,094 


113 


1,551 


2,869 


19,405 


67 


2,549 


103.6 


74.5 


~ 


1940 


5,311 


123 


2,256 


3,419 


22,522 


68 


2,827 


116.2 


81.2 


- 


1941 


5,345 


141 


2,701 


3,426 


27,724 


92 


3,204 


133.8 


99.6 


- 


1942 


4,841 


143 


3,121 


3,177 


32,506 


79 


3,387 


149.7 


113.6 


128.3| 


1943 


3,651 


144 


2,997 


2,983 


35,719 


79 


3,454 


150.8 


120.4 


144.9 


1944 


2,914 


137 


3,024 


2,992 


35,151 


131 


3,651 


165.7 


119.8 


148.2, 


12-Months Ending 

Apr. 1945 


2,807* 


136* 


3,087 


3,034 


33,873 


133 


3,629 


171.8 


118.9 


147.5 


Monthly 

1944— Jan. 


257.8 


11.8 


242.2 


242.7 


3,187 


3.5 


281.0 


151.3 


121.5 


140.4! 


Feb. 


256.8 


11.2 


229.9 


240.0 


2,969 


8.3 


280.3 


156.3 


119.8 


148.1 


Mar. 


266.6 


12.6 


275.5 


252.1 


3,149 


8.8 


312.2 


174.0 


118.8 


149.1 


Apr. 


244.8 


11.6 


260.8 


236.4 


2,896 


13.9 


284.2 


174.0 


118.1 


14S.6 


1945— Jan. 


233.2 


11.9 


268.7 


264.8 


2,797 


4.3 


279.2 


163.2 


118.1 


138.1 i 


Feb. 


212.4 


10.4 


250.5 


239.7 


2,535 


6.3 


264.0 


181.1 


117.2 


146.4 


Mar. 


228.7 


11.8 


277.5 


263.8 


2,828 


9.3 


300.5 


215.5 


116.7 


14S.8 


Apr. 






274.2 


245.4 


2,766 


16.6 


291.9 


172.1 


115.8 


144.1 


(1) Source: Newsprin 
Department Store Sa 


t Association 
es, Employm< 


of Canada, 
nt and Payroi 


(2) Total outi 
Is Indexes. * 


>ut less expor 
12-Months en 


s and second 
ding Mar., 19' 


iry power. (3) First of Month. (4) Average of months in case i 
15. 








VIII 


— WHOL 

Index 


ESALE ] 

1926 = 100 


PRICES 











CANADA 

Dominion Bureau of Statistics 



U.K. 

Board of Trade (u 



U.S.A. 

Bureau of Labor Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


88.8 


90.0 


1942 


82.5 


90.1 


98.1 


91.9 


95.6 


1943 


95.9 


99.1 


102.4 


93.1 


100.0 


1944 


102.9 


104.0 


101.4 


93.6 


102.5 


Monthly 












1944- Apr. 


104.0 


104.7 


102.4 


93.8 


102.9 


May 


101.9 


104.2 


101.3 


93.5 


102.5 


June 


102.0 


104.2 


101.2 


93.4 


102.5 


July 


102.0 


103.9 


101.2 


93.4 


102.5 


Aug. 


101.2 


103.6 


100. S 


93.5 


102.3 


Sept. 


101.0 


103.4 


100.7 


93.6 


102.3 


Oct. 


102.9 


103.5 


100.8 


93.6 


102.3 


Nov. 


103.1 


103.5 


100.8 


93.7 


102.4 


Dec. 


103.3 


103.6 


100.7 


93.7 


102.5 


1945-Jan. 


104.4 


104.3 


101.5 


93.8 


102.8 


Feb. 


104.6 


104.5 


101.7 


93.8 


102.9 


Mar. 


105.1 


104.7 


101.9 


93.7 


103.0 


Apr. 


105.3 


104.7 


102.0 


94.2 


103.4 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


108.5 


110.2 


119.5 


123.1 


128.8 


128.6 


130.8 


131.4 


129.1 


134.1 


129.:', 


133.6 


129.3 


134.0 


L28.9 


134.0 


131.3 


134.8 


129.9 


135.2 


L28.3 


134.8 


127.5 


134.5 


127.5 


134.7 


128.1 


134.9 


L27.9 


134.9 


128.0 


134.9 


127.9 


135.4 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 

(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


122.6 


112.1 


106.8 


100.2 


103.2 


123.5 


113.3 


105.0 


100.8 


104.0 


123.2 


113.2 


104.9 


100.8 


103.9 


122.9 


113.0 


105.0 


100.9 


104.0 


125.0 


114.2 


L06.3 


100.9 


104.3 


124.1 


113.6 


105.S 


100.9 


104.1 


122.6 


112.7 


104. S 


100.9 


103.9 


122.7 


112.8 


104.2 


100.9 


104.0 


123.4 


113.2 


104.2 


101.0 


104.1 


124.4 


113.8 


105.1 


101.1 


104.4 


125.5 


114.6 


L05.5 


101.1 


104.7 


12(1.2 


115.1 


104.7 


101.:; 


104.9 


127.0 


115.(1 


104.7 


101.5 


105.2 


127.2 


115.7 


104.6 


101.6 


105.3 


129.0 


116.8 


105.8 


101.8 


105.7 



(1) Adjusted to 1926=100 from base 1913-100 in 1926-29 and from base 1930-100 in 1930 and thereafter. 
Prices of Finished Products. 



(2) Bureau of Labor Statistics Index of 






\PR. - MAY 1945 



42 



Thousands of Short Tons 



IX— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 





SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 












Net 












Exports 


Total 


U.S. 


Canadian 




Increase 




Canada 


New- 
foundland 


U.S.A. 


Total 


Overseas 


Supply 


Publishers 


Publishers 


Total 


or 
Decrease 


Calendar Years 
























1935 


2,751 


332 


912 


3,995 


197 


734 


3,458 


3,345 


200 


3,545 


86 


1936 


3,209 


326 


921 


4,457 


242 


851 


3,848 


3,692 


195 


3,887 


38 


1937 


3,648 


350 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1938 


2,625 


268 


820 


3,713 


243 


681 


3,276 


3,422 


160 


3,582 


306 


1939 


2,869 


305 


939 


4,114 


310 


656 


3,768 


3,520 


190 


3,710 


58 


1940 


3,419 


351 


1,013 


4,783 


34 


892 


3,925 


3,731 


185 


3,916 


9 


1941 


3,426 


345 


1,015 


4,786 


3 


642 


4,146 


3,930 


198 


4,127 


19 


1942 


3,177 


277 


953 


4,407 


- 


296 


4,111 


3,816 


203 


4,019 


92 


1943 


2,983 


236 


805 


4,024 


- 


413 


3,611 


3,627 


194 


3,821 


210 


1944 


2,992 


273 


720 


3,984 


- 


568 


3,416 


3,243 


188 


3,431 


15 


12-Mths Ending 
























Apr. 1945 


3,034 


299 


733 


4,066 


— 


576 


3,490 


3,224 


193 


3,417 


73 


Monthly 

1943-Dec. 


249.7 


22.7 


62.2 


334.6 


_ 


55.9 


278.7 


291.2 


1(1. s 


308.0 


29.3 


1944-Jan. 


242.7 


20.9 


60.4 


323.9 


- 


31.9 


292.0 


268.5 


15.1 


283.7 


8.4 


Feb. 


240.0 


21.6 


53.9 


315.4 


- 


46.0 


269.5 


251.7 


14.9 


266.6 


2.9 


Mar. 


252.1 


18.9 


61.2 


332.2 


- 


48.5 


283.6 


278.2 


15.3 


293.6 


9.9 


Apr. 


236.4 


19.7 


54.6 


310.7 


- 


51.5 


259.2 


277.4 


15.2 


292.7 


33.4 


1944-Dec. 


245.0 


21.9 


61.2 


328.0 


— 


54.6 


273.5 


284.1 


15.7 


299.8 


26.3 


1945-Jan. 


264.8 


26.6 


60.4 


351.7 


- 


43.3 


308.4 


255.4 


15.8 


271.2 


37.2 


Feb. 


239.7 


26.0 


58.2 


323.9 


- 


39.2 


284.7 


241.5 


15.6 


257.1 


27.6 


Mar. 


263.8 


27.1 


64.7 


355.6 


- 


59.2 


296.4 


279.7 


17.6 


297.3 


.9 


Apr. 


245.4 


27.7 


59.8 


332.9 


— 


44.6 


288.3 


280.3 


16.2 


296.5 


8.2 



NEWSPRINT: NORTH AMERICA: 1936-45 





THOUSANDS OF SHORT TONS 








THOUSANDS OF SHORT TONS 


4400 






























V* 


— ~ RETAINED PRODUCTION 1 " 










/ 


PLUS IMPORTS 










(RUNNING 12- 


MONTH TOTALS) 


4000 






































■>^1 ESTIMATED C 


.ONSUMPTION > 














^ BY PUBLISHERS 






3600 


(RUNNING 12- MONTH TOTALS) 
































200 




















^\_ 


(3 

CUMULATIVE INCREASE 

















OR DECREASE IN 
STOCKS SINCE 31/12/35 


























1 (MONTH-END BASIS) I 




1 


100 


1 




1 1 1 







4400 



4000 



3600 



200 



100 



1938 



1941 



1942 



1944 



1945 



' 



(1) Total supply: see above table. (2) See above table. (.<) Cumulative difference of (a) Retained Production 
Consumption by Publishers. For monthly figures see above table. 



ilus Imports and (b) Estimated 



43 



APR. - MAY 1W 



Millions of Kilowatt Hours 



X— CENTRAL ELECTRIC STATIONS 

Dominion Bureau of Statistics & Bank of Canada 





Production 


Exports 

to 
U.S.A. 


Losses 


Consumption 


Daily Averages 


Generated 
by 


Generated 

by 


Total 


Secondary 


Firm 
Power 




Water 


Fuel 






(Estimated) 


Power 


(Estimated) 


1926 


32.2 


.5 


32.7 


4.1 


4.3 


2.9 


21.4 


1929 


47.4 


.9 


48.3 


4.0 


6.7 


6.3 


31.3 


1932 


42.5 


.8 


43.4 


1.8 


6.2 


7.9 


27.5 


1937 


74.2 


1.4 


75.6 


5.1 


10.6 


21.4 


38.6 


1938 


70.0 


1.2 


71.3 


5.0 


9.9 


16.8 


39.5 


1939 


76.3 


1.3 


77.7 


5.2 


10.9 


19.3 


42.3 


1940 


80.7 


1.5 


82.2 


5.8 


11.5 


14.8 


50.1 


1941 


89.9 


1.8 


91.7 


6.5 


12.8 


9.3 


63.2 


1942 


99.9 


2.0 


101.9 


6.7 


14.3 


6.1 


74.8 


1943 


108.5 


2.1 


110.6 


7.0 


15.5 


5.8 


82.3 


1944 


107.9 


2.7 


110.6 


7.1 


15.5 


7.5 


80.5 


1943— Dec. 


112.1 


2.7 


114.8 


6.7 


16.2 


5.0 


86.9 


1944— Jan. 


110.9 


3.0 


113.8 


6.8 


16.1 


4.3 


86.8 


Feb. 


110.7 


3.0 


113.7 


6.3 


16.1 


5.1 


86.3 


Mar. 


110.6 


2.8 


113.4 


6.4 


16.0 


5.4 


85.5 


Apr. 


106.9 


2.3 


109.2 


7.3 


15.3 


5.4 


81.3 


1944— Dec. 


105.4 


2.S 


108.3 


6.5 


15.3 


12.8 


73.7 


1945— Jan. 


107.5 


2.9 


110.4 


5.3 


15.8 


14.9 


74.4 


Feb. 


108.7 


2.8 


111.6 


5.5 


15.9 


L5.6 


74.6 


Mar. 


113.1 


2.6 


115.7 


7.0 


16.3 


17.5 


74.9 


Apr. 


115.3 


2.5 


117.8 


7.5 


16.5 


1S.1 


75.6 



CENTRAL ELECTRIC STATIONS : INSTALLED CAPACITY AND OUTPUT : i93I -45 



MILLIONS OF HORSE POWER 



BILLIONS OF KILOWATT HOURS 



11.25 



1000 




1931 



1932 



1933 



1934 



1935 



1936 



1937 



1938 



1939 



1940 



1941 



1942 



1943 



1944 



1945 



* The chart is scaled on the assumption that the potential output ol one horse power of installed capacity is 1.000 kilowatt hours. Tins was the 
approximate effective r.iir before the war but has since been appreciably raised by measures to increase utilization of availabli capacity, e.g. by 
connecting formerly independent power distribution systems, by daylight-saving, staggering hours of work, and other mi net! to spread 

the incidence of peak loads. ** Running 12-month totals, W8-45. 



kPR. - MAY 1945 



44 



Millions of Tons 



XI— STEAM RAILWAYS 

REVENUE FREIGHT LOADED BY CANADIAN RAILWAY SYSTEMS'" 

Dominion Bureau of Statistics 





Farm Products an 


d Foods 


Forest 

Products 

and 

Paper 


Metals 


Non-Metallic M 


inerals 


Manu- 
factures 
and 
Mis- 
cellaneous 






Grains 
and their 
Products 


Livestock 

and 

Meats 


All 
Other 


Coal 
and 
Coke 


Petroleum 

and 
Gasoline 


All (2) 
Other 


Total 


Calendar Years 

1926 


19.9 


2.3 


5.7 


19.1 


4.8 


24.3 


2.6 


10.1 


16.5 


105.2 


1929 


18.8 


2.3 


5.4 


19.6 


7.1 


24.4 


4.0 


13.8 


19.9 


115.2 


1932 


16.4 


1.6 


3.8 


8.3 


2.1 


14.4 


2.5 


3.6 


8.1 


60.8 


1937 


10.4 


1.8 


5.2 


14.4 


9.0 


17.4 


2.6 


6.1 


15.3 


82.2 


1938 


14.4 


1.5 


4.9 


11.8 


9.6 


15.1 


2.8 


4.3 


11.8 


76.2 


1939 


17.4 


1.6 


4.9 


12.3 


10.5 


17.2 


2.8 


4.4 


13.5 


84.6 


1940 


16.8 


1.7 


5.1 


15.7 


12.4 


19.3 


3.1 


6.7 


17.2 


97.9 


1941 


22.3 


1.9 


5.9 


17.8 


15.3 


21.9 


3.6 


6.6 


21.7 


117.2 


1942 


20.3 


2.2 


7.0 


19.0 


17.1 


25.4 


10.0 


7.0 


26.1 


134.1 


1943 


26.9 


2.4 


7.6 


18.9 


18.6 


27.3 


15.9 


6.6 


28.8 


152.9 


1944 


32.6 


2.9 


8.6 


19.8 


16.0 


25.2 


14.5 


6.5 


28.9 


154.8 


12-Months Ending 

Feb. 1945 


32.1 


2.9 


8.6 


19.4 


15.6 


. 24.7 


13.7 


6.4 


28.9 


152.6 


Monthly 

1943— Nov. 


3.0 


.3 


.8 


1.5 


1.5 


2.2 


1.3 


.6 


2.4 


13.7 


Dec. 


2.4 


.2 


.8 


1.6 


1.2 


2.5 


1.2 


.4 


2.3 


12.7 


1944— Jan. 


2.3 


.2 


.6 


1.7 


1.2 


2.3 


1.2 


.3 


2.3 


12.1 


Feb. 


2.2 


.2 


.7 


1.9 


1.3 


2.2 


1.2 


.3 


2.2 


12.2 


1944— Nov. 


3.1 


.3 


.9 


1.5 


1.3 


2.3 


1.1 


.6 


2.4 


13.4 


Dec. 


2.3 


.3 


.8 


1.4 


1.1 


2.0 


1.0 


.3 


2.3 


11.5 


1945— Jan. 


2.2 


.3 


.6 


1.5 


1.0 


1.9 


.9 


.3 


2.3 


11.2 


Feb. 


1.8 


.2 


.7 


1.7 


1.1 


2.0 


.8 


.3 


2.3 


10.9 



(1) Carried in Canada. (2) Sand and Gravel, Cement, Lime and Plaster, Stone, Slate, Clay, Asphalt, Salt. 

STEAM RAILWAYS : REVENUE FREIGHT LOADED 
BY CANADIAN RAILWAY SYSTEMS 1 : 1926-45 

MILLIONS OF SHORT TONS 

175 



MILLIONS OF SHORT TONS 

175 




1927 *28 "29 '30 '31 '32 '33 '34 '35 '36 '37 '38 '39 '40 
t Carried in Canada. * Running 12-month totals in 1942-45. 



42 43 44 '45 '46 



45 


















APR. - M \Y 10- 


r 






XII— GRAINS : ACREAGE AND PRODUCTION : 1938-45 
















Dominion Bureau of Statistics 
















WHEAT 


OATS 


BARLEY 


RYE 


FLAXSEED 


OTHER GRAINS* 


(2) 
SUMMER 
FALLOW 


Total 






mm. bus. 


mm. acres 


mm. bus. 


mm. acres 


mm. bits. 


mm. acres 


mm. bus. mm. acres 


mm. bus. 


mm. acres 


mm. bus. 


mm. acres 


mm. acres 


mm. acq 




TOTAL CANADA 




1938 
1939 
1940 
1941 


360.0 
520.6 
540.2 
314.8 


25.9 
26.8 
28.7 
21.9 


371.4 
384.4 
380.5 
305.6 


13.0 
12.8 
12.3 
12.3 


102.2 
103.1 
104.3 
110.6 


4.5 
4.3 
4.3 
5.3 


11.0 
15.3 
14.0 
11.7 


.7 
1.1 
1.0 
1.0 


1.3 
2.0 
3.0 
5.8 


.2 

.3 

.4 

1.0 


53.9 
59.0 
56.8 
66.8 


1.7 
1.7 
1.7 
2.1 


10.2 
10.0 
17.3 
23.1 


62.- 
63.( 
65.1 
66.i 




1942 
1943 
1944f 
1945** 


556.7 
284.5 
435.5 


21.6 

16.8 
23.3 
22.4 


652.0 
482.0 
499.6 


13.8 
15.4 
14.3 
15.1 


259.2 
215.6 
194.7 


7.0 
8.4 
7.3 
8.1 


24.7 
7.1 
8.5 


1.3 
.6 
.6 
.6 


15.0 

17.9 

9.7 


1.5 
2.9 

1.3 

1.2 


88.2 
49.7 
74.7 


2.3 
2.0 
2.0 


20.0 
20.6 
19.4 
19.2 


67.4 
66.6 
68.; 




MANITOBA 




1938 
1939 
1940 
1941 


50.0 
61.3 
66.4 
51.0 


3.2 
3.2 
3.5 

2.4 


41.0 
34.5 
33.0 
41.7 


1.5 
1.4 
1.3 
1.3 


31.0 
28.0 
27.5 
40.0 


1.4 
1.3 
1.3 
1.5 


3.2 
2.0 
2.3 

2.8 


.2 
.2 

.2 
.2 


.3 

.4 

.8 

1.1 


.1 
.1 
,2 


.7 

.7 

.6 

3.0 


.1 


2.0 
2.2 

2.2 
2.8 


8.3' 
8.4 
8.5 
8.5 




1942 
1943 
1944f 
1945** 


53.0 
39.0 
54.9 


1.9 
1.6 

2.5 
2.0 


70.0 
63.0 
61.0 


1.5 
1.0 
1.0 
1.7 


74.0 
68.0 
54.7 


2.0 
2.3 
2.1 
2 3 


3.6 
.8 
.6 


.2 

.1 


2.0 
2.8 
1.8 


.2 
.3 
.2 
.2 


2.3 
2.2 
1.9 


.1 
.1 
.1 


2.4 
2.3 

l.S 

1.9' 


8.3 
8.4 
8.4 


1 


SASKATCHEWAN 




1*938 
1939 
1940 
1941 


137.8 
271.3 
266.7 
147.0 


13.8 
14.2 
15.6 
12.2 


90.0 

112.0 

93.0 

72.5 


4.2 

4.1 
3.9 
4.0 


20.0 
26.0 
23.5 
26.7 


1.2 
1.1 
1.3 
1.7 


3.4 
9.3 
7.0 
5.3 


.3 
.6 
.0 
.5 


.7 
1.3 
1.7 
3.7 


.1 
.2 
.2 
.7 


.4 
.7 
.5 
.5 


- 


9.8 

9.2 

10.2 

13.S 


29.4 
29.6 
31.8 
33.0 




1942 
1943 
1944f 

1945** 


305.0 
146.0 
250.0 


12.4 

9.6 

13.2 

13.1 


255.0 
200.0 
198.0 


4.9 
6.5 
5.6 

0.0 


92.0 
80.0 
72.0 


2.5 
3.3 
2.7 
3.0 


15.0 
3.8 

4.8 


.8 
.3 
.4 
.3 


10.5 

11.5 

6.4 


1.1 

2.1 

.9 

.8 


2.5 
1.9 
3.8 


.1 
.1 
.1 


11.7 
12.(1 
11.6 

11.3 


33.4 
33.9 
34.6 




ALBERTA 




1938 
1939 
1940 
1941 


148.2 

161.4 

180.7 

98.0 


8.0 
8.4 
8.7 
6.5 


101.0 
85.0 

103.0 
63.8 


2.9 
2.7 
2.0 

2.8 


29.2 
27.0 
32.0 
28.0 


1.1 
1.1 
1.1 
1.5 


2.7 
2.4 
3.0 
1.9 


2 
2 
.2 
.2 


.2 
.3 
.4 
.8 


.1 


.5 
.6 
.8 
.9 


.1 


4.4 
1.0 
4.9 

0.5 | 


16.6 
17.0 
17.6 
17.7 




1942 
1943 

1944f 
1945** 


171.0 

82.8 

105.7 


(i.4 
4.8 
6.7 
6.5 


175.0 
129.0 

111.8 


3.3 
3.7 
3.2 
3.4 


75.0 
56.0 
51.7 


1.9 
2.2 

. 1.9 
2 2 


4.4 
1.2 
1.7 


2 

.1 
.1 

.1 


2.2 
3.3 

1.2 


2 

.0 
2 
2 


2.7 
2.2 
1.6 


.1 
.1 
.1 


5.9 ! 

0.3 ! 
6.0 

0.1 


17.9 
17.8 
18.2 




OTHER PROVINCES 




1938 
1939 
1940 
1941 


24.0 
26.6 
26.4 
18.8 


1.0 

.9 

1.0 

.7 


139.3 
152.9 
151.5 
127.6 


4.5 
4.0 
1.5 
4.1 


22.0 
22.1 
21.3 
15.9 


.8 

.7 
.7 

.0 


1.6 
1.6 
1.7 
1.7 




.1 
.1 
.2 
.1 


— 


52.3 
57.0 
54.9 
62.4 


L.6 

l.(i 
1.6 

1.9 


* 
* 
* 
* 


8.0 
8.0 
7 9 

7.5 




1942 
1943 
1944 f 
1915** 


27.7 
16.7 
24.9 


.9 
.8 
.8 
.8 


152.0 

90.0 

128.8 


1.1 
3.0 
3.9 
3.9 


18.2 
11.6 
16.3 


.0 
.5 
.5 
.5 


1.7 
1.3 
1.4 




.3 
.3 
.3 


- 


80.8 

41.4 
67.3 


2.0 
1.7 
l.S 


* 
* 


7.7 
6.7 
7.1 




(1) Buckwh 


;at, mixed 


grains and 


shelled co 


n. (2) Pr 


airic Provi 


ices only. 


t Prelimir 


iary. ** 


istimate. 


* Not ava 


lable. 











»R. - MAY 1945 



46 



WHEAT ACREAGE AND AVERAGE YIELD PER ACRE : 1908-45 

Dominion Bureau of Statistics 




1908 



1923 



1926 



1933 



1938 



1943 



WORLD WHEAT PRODUCTION AND NET TRADE : AVERAGE 1934-38* 

Compiled from "The Wheat Situation" Bureau of Agricultural Economics, U.S. Dept. of Agriculture 



NET IMPORTS 



100 



Ji 



BRAZIL 



PRODUCTION AND NET EXPORTS 



GREECE 



rh 



I BELGIUM 8. NETHERLANDS 



UK & EIRE 



i POLAND & LITHUANIA 

[aus^alu 




OTHER NON-EUROPEAN 

(NET IMPORTERS' 

OTHER EUROPEAN J 

(NET IMPORTERS) . 



■■■■■■'■'•■.■/ " ' ' ' " - ' "'W- 

trance «>X;:v:-:--'::>--: : 

■^^ ■ • ■■■ ■ ' ■ ■ ' ■ ■■■ ■* 



THER EXPORTERS'?'/ 





^ PRODUCTION - 



V.'. '.'.'.■. ■,'.'.■ 



v.y.v; 



' * ■-"■" "■; 



lU. S S R 



'■}■ 



400 

MILLIONS OF BUSHELS 

in u Uct ' on ' net im P° rts an d net exports (including flour in terms of wheat). 
(1) Hungary, Yugoslavia. Rumania and Bulgaria. (2) French North Africa, Chile, Uruguay. India and Turkey. 



800 



1200 



TATISTICAL SUMMARY 



ANK OF CANADA 



Tables 

I Bank of Canada : 

Assets and Liabilities 



Charts 



II Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 
Cash in Canada and Canadian Deposits 

Canadian Deposits 

Canadian Deposits, Loans and Dom.-Prov. Securities 

III Security Prices: 

Govt. Securities, Payable in Canada only 

Yields of Don?. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S. A 

Yields of Govt. Bonds, Canada, U.K. and U.S.A. 

IV Business Activity 

Residential Construction Contracts Awarded . 



V Imports and Exports by Countries . 

VI Cost of Living 

Retail Sales and Retail Prices 

VII Retail Merchandise Sales .... 

VIII Wholesale Prices 

IX Employment and Payrolls .... 

Employment and Payrolls in Industry 

X Newsprint: North America .... 

Newsprint: North America . 
Estimates of Forest Production 
Estimated Distribution of Pulpwood 



Pages 



47 -48 



49-50 
47 
48 
49 
50 



51 
51 
52 
52 

53 
53 

54 

55 
55 

56 

57 

58 
57 

59 
59 
GO 
60 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



JUNE-JULY 194o 

















JUNE -JULY 194 


Millions of Dollars 
















I— IkN 










LIABILITIES 










Chartered Bank Cash 


Govt. 
Deposits 


Other (i) 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


tL 

As:ts 
Liatiti 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 


















Month-end Figures 


















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


50.1 


6.6 


2). 


1936-12 Mths. 


38.3 


186.8 


225.1 


20.3 


.9 


66.9 


9.2 


3>. 


1937 


46.2 


193.7 


239.9 


24.3 


1.1 


94.9 


13.2 


33. 


1938 


51.4 


200.7 


252.1 


21.2 


2.2 


109.7 


12.8 


3*. 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


129.3 


11.0 


Al 


1940 


70.2 


217.2 


287.3 


42.4 


8.5 


206.9 


15.7 


5) 


1941 


86.4 


221.9 


308.3 


55.7 


6.7 


320.0 


19.5 


7) 


1942 


100.2 


240.2 


340.4 


50.2 


17.2 


472.0 


22.6 


9> 


1943 


112.4 


300.4 


412.9 


47.6 


22.9 


661.0 


30.3 


1,11. 


1944 


122.2 


404.7 


526.9 


41.2 


54.8 


821.3 


36.7 


1,4). 


End of 


















1944-Feb. 


114.4 


362.7 


477.1 


40.1 


31.5 


761.0 


19.8 


1,3). 


Mar. 


100.3 


359.2 


459.5 


65.8 


22.8 


797.6 


44.5 


1,3). 


Apr. 


116.0 


3S5.2 


501.2 


24.6 


17.4 


799.3 


28.8 


1,31. 


May 


138.7 


377.7 


516.4 


101.8 


26.6 


772.8 


34.1 


1,41. 


June 


103.4 


414.7 


518.1 


8.2 


22.0 


817.1 


54.3 


1,4). 


1945-Feb. 


131.5 


397.6 


529.2 


27.9 


207.6 


897.0 


24.7 


1,65 


Mar. 


113.4 


422.0 


535.4 


18.7 


229.7 


935.4 


26.3 


1,75. 


Apr. 


139.7 


448.9 


588.6 


39.5 


222.7 


922.6 


32.3 


1,85. 


May 


148.0 


4(54. 8 


612.8 


33.6 


208.7 


907. S 


58.8 


1,81. 


June 


121.7 


492.0 


613.6 


43.9 


210.3 


941.5 


32.7 


1,8>. 



(1) Includes deposits payable in sterling. U.S.A. and foreign gold currencies shown under item 5 (a) of the Bank of Canada Statement since Nov. 30, 1944 (2 n. 
the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessarM 



CHARTERED BANK CANADIAN DEPOSITS &. ACTIVE NOTE CIRCULATION: 1941-45 



MILLIONS OF DOLLARS 



7000 



6000 



5000 



4000 



3000 



MILLIONS Of" DOLLARS 

7000 



6000 




5000 



4000 



3000 



* Bank of Canada notes in public circulation and chartered bank note circulation, including an approximate amount For the latter item after 
September 1944. 



! JUNE- JULY 1945 

SCAN ADA 



48 



Millions of Dollars 



ASSETS 




Reserve 


Securities 


Advances 


All 

Other 

Accounts 




Id 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 

% 


Dom.-Prov. 
Under 
2 yrs. 


Dom.-Prov. 
Over 

2 yrs. 


TotaP 




f 




















Average of 
Month-end Figures 


.2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


1935-10 Mths. 


).8 


1.8 


9.5 


191.1 


60.99 


38.3 


86.9 


125.2 


1.7 


4.5 


1936-12 Mths. 


5.0 


2.5 


19.0 


203.5 


56.50 


59.7 


97.7 


163.9 


- 


5.9 


1937 


1.2 


.8 


27.6 


209.6 


54.42 


123.6 


52.5 


181.1 


1.0 


6.3 


1938 


).8 


- 


41.7 

* 


252.5 

* 


57.72 
* 


142.8 

* 


46.2 

* 


189.1 

* 


.2. 


6.7 


1939 


).3 


_ 


36.1 


111.4 




326.6 


108.4 


435.1 


3.5 


11.0 


1940 




- 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




- 


18.8 


18.8 




791.2 


339.5 


1,130.6 


- 


25.2 


1943 




- 


44.1 


44.1 




831.1 


573.6 


1,407.1 


.4 


29.3 


1944 

End of 




- 


.2 


.2 




789.2 


508.9 


1,298.1 


- 


31.3 


Feb .-1944 




- 


.3 


.3 




788.9 


557.0 


1,345.9 


- 


44.0 


Mar. 




- 


.2 


.2 




777.1 


567.7 


1,344.7 


- 


26.4 


Apr. 




- 


.3 


.3 




879.0 


548.7 


1,427.7 


2.6 


21.2 


May 




- 


.2 


.2 




803.5 


576.1 


1,379.6 


.5 


39.4 


June 




_ 


170.4 


170.4 




891.6 


595.5 


1,497.0 


- 


19.0 


Feb -1945 




- 


177.1 


177.1 




926.5 


608.7 


1,545.2 


- 


23.2 


Mar. 




- 


196.6 


196.6 




937.7 


621.7 


1,569.5 


- 


39.7 


Apr. 




- 


177.9 


177.9 




1,068.3 


533.5 


1,611.8 


1.5 


30.5 


May 




— 


174.4 


174.4 




1,073.8 


559.5 


1,643.3 


— 


24.4 


June 



Securities". *May 1940 and subsequent figures give effect to the enactment, under the War Measures Act, ot the Foreign Exchange Acquisition Order and 
s, were sold to the Foreign Exchange Control Board, and the Bank's minimum gold reserve requirement was temporarily discontinued. 



CHARTERED BANKS:CASHIN CANADA* AND CANADIAN DEPOSITS : 1941-45 

MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 

70001 



6000 



5000 



4000 



3000 




j 

1941 

* See note (3) on page 49. 



49 
















JUNE - JULY 194 
II— CH^T 


Millions of Dollars 


















.[nil 




LIABILITIES 






T. 




Notes 


Deposits 


Cash 
in (3) 
Canada 


Securities 




Demand 


Notice 


Dom. 
and Prov. 


Canadian 
Deposits* 


Foreign 


Total (2, 
Deposits 


DOM. -PROV. 


ti. 




Under 2 yrs. 


Over 2 yrs. 


Average of 
Month-end Figures 

1926 
1929 
1932 


169 
178 
132 


553 

696 
486 


1,341 
1,480 
1,376 


53 
102 

82 


1,958 
2,293 
1,955 


330 
418 
312 


2,333 

2,837 
2,322 


197 
212 
186 


344 
342 
490 


1939 
1940 
1941 


94 
91 
82 


742 

875 

1,088 


1,699 
1,647 
1,616 


146 
227 
322 


2,630 
2,753 
3,017 


474 
430 
439 


3,144 
3,250 
3,527 


268 
287 
308 


516 
681 
761 


718 
630 
722 


51 


1942 
1943 

1944 


72 
50 
37 


1,341 
1,619 
1 ,864 


1,645 
1,864 
2,273 


347 
521 
570 


3,319 
3,962 

4,686 


501 

588 
716 


3,905 
4,679 
5,531 


340 
413 
527 


997 
1,598 
1,S42 


810 

807 

1,149 


>< 

u 

51 


End of 

1944-Feb. 
Mar. 
Apr. 
May 
June 


41 
40 
39 
37 
37 


1,754 
1,892 
1,987 
1,711 
1,841 


2,124 
2,225 
2,254 
2,094 
2,195 


339 
251 
265 
1,044 
800 


4,180 
4,340 
4,483 
4,806 
4,824 


654 
666 
691 

745 
791 


4,974 
5,140 
5,297 
5,691 
5,753 


477 
459 
501 
516 
518 


1,681 
1,796 
1,996 
1,856 
1,810 


978 
1.010 
1 ,033 
1,155 
1,172 




1945-Feb. 
Mar. 
Apr. 
May 
June 


31 
31 

30 
29 
29 


1 ,859 
1 ,935 

2,113 
1,792 

1 ,857 


2,631 
2,725 
2,735 
2,563 

2,n4(> 


531 

279 

362 

1,260 

1,037 


5,012 
4,938 
5,175 

5,594 
5,. 530 . 


755 
739 
766 
769 

7(14 


5,884 
5,792 
6,084 
6,494 
6,431 


529 
535 
589 
613 
614 


1,945 
1,878 
2,004 
2,065 
2,064 


1,288 

1,326 
1,381 

1,407 
1,522 


[ . 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada. Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and M 



CHARTERED BANKS : CANADIAN DEPOSITS • 1941 -45 



MILLIONS OF DOLLARS 

3000 



2500 



MILLIONS OT DOLLARS 

3000 






2000 



1500 




1000 



* Chiefly Dominion .mil Provincial Government and Foreign Banks 



JUNE - JULY 1945 










i BANKS 

la 












al 






ASSETS 








Loans 


Total 
Assets 


CANADA 


ABROAD 


Call 


Current 
Public 


Current 
Other 


Call 


Current 


53 


140 


934 


87 


250 


261 


2,864 


)9 


267 


1,343 


112 


301 


248 


3,528 


)6 


117 


1,032 


165 


84 


172 


2,869 


10 


55 


855 


133 


48 


145 


3,592 


19 


44 


969 


122 


44 


138 


3,707 


n 


34 


1,091 


95 


44 


133 


4,008 


13 


29 


1,075 


SO 


56 


127 


4,400 


14 


35 


1 ,053 


62 


81 


102 


5,149 


>3 


62 


1,022 


44 


100 


114 


5,990 


)4 


52 


955 


48 


107 


102 


5,426 


56 


41 


931 


51 


94 


112 


5,589 


)0 


42 


867 


53 


80 


117 


5,742 


14 


SI 


1,117 


58 


109 


118 


6,143 


>8 


71 


1,061 


43 


100 


110 


6,210 


>4 


SO 


1,102 


23 


95 


124 


6,340 


)6 


78 


1,067 


27 


91 


120 


6,249 


)9 


82 


1,023 


25 


101 


122 


6,546 


35 


125 


1,249 


50 


113 


124 


6,957 


)6 


123 


1,109 


32 


120 


131 


6,895 



50 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 
in «) 
Canada 


Canadian 
Deposits 

(4) 


Percent 
of Cash to 
Canadian 

Deposits 


Total 
Active 
Note ( S ) 
Circulation 




192 


1 ,958 


9.8 


195 


Average of 
Daily Figures 

1926 


191 


2,293 


8.3 


205 


1929 


172 


1 ,955 


8.8 


158 


1932 


269 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


538 


4,575 


11.8 


835 


1944 


4S2 


4,124 


11.7 


779 


Feb .-1944 


491 


4,1(13 


11.8 


S01 


Mar. 


510 


4,352 


11.7 


MS 


Apr. 


531 


4,635 


11.5 


S05 


May 


547 


4,657 


11.8 


S10 


June 


560 


4,959 


11.3 


910 


Feb.-1945 


555 


4,912 


11.3 


931 


Mar. 


586 


4,993 


11.7 


10 


Apr. 


602 


5,344 


11.3 


930 


May 


039 


5,507 


11.6 


934 


June 



res given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 

k of Canada notes in public circulation and chartered bank note circulation, including an approximate amount for the latter item after September 1944. 



HARTERED BANKS : CANADIAN DEPOSITS, LOANS &. DOM.-PROV. SECURITIES : 1941 -45 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



6000 



5000 



4000 




6000 



5000 



4000 



3000 



2000 



1000 






51 



JUNE - JULY 19. 



Ill— SECURITY PRICES 

Bank of Canada 







Dominion of Canada Bonds Payable in Canada Only 








Middle of the Market quotations 






Average of B 


usiness Days 


15th of Each Month 








Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Per 


petuals 


15 Year 


9 Year 


5 Year 


2 Year 








Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1938 


89.67 


3.35 


3.09 


2.76 


1.91 


1.13 


1939 


91.58 


3.28 


3.16 


2.90 


2.13 


1.54 


1940 


88.40 


3.39 


3.28 


2.95 


2.16 


1.48 


1941 


92.23 


3.26 


3.10 


2.92 


2.12 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.69 


2.14 


1.46 


Monthly 














1944— July 


97.00 


3.09 


2.99 


2.67 


2.14 


1.45 


Aug. 


97.12 


3.09 


2.99 


2.67 


2.12 


1.44 


Sept. 


97.25 


3.08 


2.99 


2.67 


2.10 


1.44 


Oct. 


97.25 


3.08 


2.99 


2.67 


2.10 


1.44 


Nov. 


97.19 


3.09 


2.99 


2.67 


2.10 


1.44 


Dec. 


97.25 


3.08 


2.99 


2.67 


2.08 


1.44 


1945— Jan. 


97.25 


3.08 , 


2.98 


2.65 


2.06 


1.42 


Feb. 


97.25 


3.08 


2.97 


2.64 


2.05 


1.41 


Mar. 


97.25 


3.08 


2.97 


2.60 


2.01 


1.40 


Apr. 


97.25 


3.08 


2.96 


2.57 


1.97 


1.38 


May 


97.31 


3.08 


2.96 


2.57 


1.97 


1.38 


June 


97.:. i 


3.08 


2.95. 


2.52 


1.92 


1.38 


July 


97.87 


3.07 


2.91 


2.48 


1.89 


1.38 



YIELDS OF DOMINION GOVERNMENT BONDS : 1938-45 

PAYABLEIN CANADA ONLY 
Quotations for 1st and 15th of each month 



20% 




2.6% 



3 2% 



MJSDMJSDMJSDMJSDMJSDMJSOMJSOMJSO' 

1938 1939 1940 1941 1942 1943 1944 1945 

1. Prior to l'MO figures arc for 1st of month only. 2. Prior to 1040 figures arc average of month. 






UNE - JULY 1945 



52 



III— SECURITY PRICES 

Bank of Canada 









Government Bonds 




3 Mon 


th Treasury Bills 






Middle of the market quotations 












Average ol 


Business Days 




Tender Rate Nearest 15 th of Month 


Canada' 1 ' 


U. 1 


K.<» 


U.S.A."' 
























U K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 




















1944 


100.01 


3.00 


100.08 


2.99 


100.18 


2.49 


.385 


1.004 


.375 


Monthly 




















1944— Jan. 


99.77 


3.02 


99.99 


3.00 


100.06 


2.49 


.407 


1.010 


.374 


Feb. 


99.92 


3.01 


99.93 


3.00 


100.00 


2. SO 


. .390 


1.003 


.374 


Mar. 


99.91 


3.01 


100.11 


2.99 


100.19 


2.49 


.387 


.999 


.375 


Apr. 


99.88 


3.01 


100.00 


3.00 


100.19 


2.49 


.389 


1.011 


.375 


May 


99.92 


3.01 


100.24 


2.98 


100.09 


2.49 


.389 


1.000 


.375 


June 


100.00 


3.00 


99.99 


3.00 


100.03 


2.50 


.385 


1.002 ■ 


.375 


July 


100.00 


3.00 


99.84 


3.01 


100.13 


2.49 


.380 


1.002 


.374 


Aug. 


100.12 


2.99 


99.96 


3.00 


100.28 


2.48 


.383 


1.002 


.375 


Sept. 


100.13 


2.99 


100.33 


2.97 


100.38 


2.48 


.380 


1.010 


.375 


Oct. 


100.13 


2.99 


100.33 


2.97 


100.22 


2.49 


.380 


1.001 


.376 


Nov. 


100.13 


2.99 


100.23 


2.98 


100.22 


2.49 


.380 


1.002 


.375 


Dec. 


100.21 


2.98 


100.01 


3.00 


100.31 


2.48 


.372 


1.004 


.375 


1945— Jan. 


100.30 


2.97 


99.98 


3.00 


100.97 


2.44 


.371 


1.006 


.375 


Feb. 


100.44 


2.95 


100.42 


2.96 


101.81 


2.38 


.371 


1.000 


.375 


Mar. 


100.61 


2.93 


100.86 


2.93 


101.47 


2.40 


.365 


.999 


.375 


Apr. 


100.63 


2.93 


100.74 


2.94 


101.47 


2.40 


.365 


1.009 


.375 


May 


100.67 


2.93 


100.44 


2.96 


101.59 


2.39 


.367 


1.000 


.375 


June 


101.27 


2.86 


100.31 


2.97 


102.22 


2.35 


.363 


1.001 


.375 


July 


101.82 


2.80 


100.27 <4) 


2.98 w 


102.47 


2.33 


.363 


.999 


.375 



(1) Dominion of Canada 3% due Jan. 1. 1956-59. (2) United Kingdom 3% due Apr. 15, 1959-69. (3) U.S. Treasury 2^% Dec. 15, 1963-68 is not 
eligible for commercial banks before Dec. 1. 1952. (4) July 1-25. 

LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1944-45 

Daily Opening Quotations 



23% 




23% 



2.8% 



2.9% 



30% 



3.1% 



Y AUG SEPT OCT NOV. DEC JAN 

1944 
* Security is not eligible for commercial banks before Dec 1, 1952. 



MAY 

1945 



31% 



53 



JUNE - JULY 194 



IV— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 







PRODUCTION 




Res- 
idential 

Con- 
struction 




Department 


Employ- 


Aggregat 














Car 
Loadings 


Store Sales 

Index of 

Value 


ment 
Index 

(3) 


Payrolls 
Index 

(3) 




Gold 


Nickel 


Steel 


News- 
print 


Central 
Electric 










(i) 


Stations* 2 ' 


Awarded 




Seasonally 
adjusted 


Unadjusted 
June 1, 


UnadjusU 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 






June 1, 




Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs 


of Dollars 


Thousands 


1935-39=100 


1941 = 100 


1941 = /( 


Annual Totals ' 
















1926 


1,754 


33 


869 


1,889 


9,354 


110 


3,253 


- 


65.1 


_ 


1929 


1,928 


55 


1,544 


2,727 


13,897 


129 


3,533 


140.5 


77.8 


_ 


1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,176 


93.1 


57.2 


- 


1939 


5,094 


113 


1,551 


2,869 


19,405 


67 


2,549 


103.6 


74.5 





1940 


5,311 


123 


2,256 


3,419 


22,522 


68 


2,827 


116.2 


81.2 


_ 


1941 


5,345 


141 


2,701 


3,426 


27,724 


92 


3,204 


133.8 


99.6 


_ 


1942 


4,841 


143 


3,121 


3,177 


32,506 


79 


3,387 


149.7 


113.6 


128.3 


1943 


3,651 


144 


2,997 


2,983 


35,719 


79 


3,454 


150.8 


120.4 


144.9 


1944 


2,914 


137 


3,024 


2,992 


35,151 


131 


3,651 


165.7 


119.8 


148.2 


12-Months Ending 






















June, 1945 


2,746* 


135* 


3,107 


3,056 


33,516 


151 


3,627 


173.0 


118.5 


147.2 


Monthly 






















1944— Feb. 


256.8 


11.2 


229.9 


240.0 


2,969 


S.3 


280.3 


156.3 


119.8 


148.1 


Mar. 


266.6 


12.6 


275.5 


252.1 


3,149 


S.N 


312.2 


174.0 


118.8 


149.1 


Apr. 


244.8 


11.6 


260.8 


236.4 


2,896 


13.9 


284.2 


174.0 


118.1 


14S.fi 


May 


256.8 


12.0 


263.4 


262.5 


3,023 


16.7 


318.0 


160.0 


116.5 


146.1 


June 


239.9 


10.2 


240.8 


246.9 


2,833 


21.7 


315.2 


143.4 


118.1 


146.0 


1945— Feb. 


212.4 


10.4 


250.5 


239.7 


2,535 


6.3 


264.0 


181.0 


117.2 


146.4 


Mar. 


228.7 


11.8 


277.5 


263.8 


2,828 


9.3 


300.5 


215.5 


116.7 


14S.S 


Apr. 


223.7 


10.8 


274.2 


245.4 


2,766 


16.6 


291.9 


171.7 


115.8 


144.1 


May 


217.6 


11.7 


267. 6 


264.5 


2,819 


24.4 


310.1 


137.3 


114.9 


145.4 


June 






257.1 


266.4 


2,679 


32.1 


321.5 


160.8 


114.8 


143.:; 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. 
Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending May. 1945. 



(3) First of month. (4) Average of months in case ■ 



RESIDENTIAL CONSTRUCTION : 1926-45 

RESIDENTIAL CONSTRUCTION CONTRACTS AWARDED MACLEAN BUILDING REVIEW 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




1927 28 '29 '30 '31 '32 '33 "34 '35 '36 '37 '36 '39 '40 '41 '42 '4 3 '44 '45 '46 






JUNE - JULY 1945 



Millions of Dollars 



54 



V— EXTERNAL TRADE 

Compiled from Trade of Canada, Dominion Bureau of Statistics 
1. MERCHANDISE IMPORTS*''" 





TOTAL IMPORTS (Excluding Gold) FROM 


Re-Exports 
Ex-Gold 


Retained 
Imports 
Ex-Gold 






U.K. 
(2) 


Other 
BritishO) 


U.S.A. 


Other 
Foreign 


Total 

All 

Countries") 


Excess of 
Exports 


Calendar Years 

1937 


147 


89 


490 


82 


809 


15 


794 


382 


1938 


119 


67 


425 


67 


677 


11 


666 


329 


1939 


113 


75 


497 


65 


750 


11 


739 


342 


1940 


137 


106 


744 


70 


1,057 


14 


1 ,043 


346 


1941 


136 


143 


1,004 


82 


1,366 


19 


1 ,346 


496 


1942 


117 


114 


1 ,305 


65 


1,600 


22 


1 ,579 


970 


1943 


100 


104 


1.424 


73 


1,701 


30 


1,071 


1,443 


1944 


94 


110 


1,447 


91 


1,743 


43 


1,699 


1,850 


12-Months Ending 

June, 1945 


101 


119 


1 ,356 


95 


1,671 


48 


1,624 


1,887 


1944— Jan. 


6.2 


8.2 


106.3 


4.8 


125.5 


4.0 


121.5 


130.0 


Feb. 


5.8 


9.0 


115.8 


6.9 


137.5 


2.1 


135.4 


99.9 


Mar. 


9.0 


9.5 


123.3 


8.2 


150.0 


7.3 


142.7 


152.8 


Apr. 


7.3 


5.8 


114.4 


8.9 


136.3 


3.8 


132.6 


159.6 


May 


10.9 


11.3 


127.0 


7.7 


156.9 


2.5 


154.4 


223.3 


June 


8.5 


10.9 


122.2 


10.0 


151.5 


2.8 


148.7 


205.3 


1945— Jan. 


7.6 


12.1 


101.8 


6.4 


127.8 


3.4 


124.5 


114.7 


Feb. 


5.2 


6.9 


92.8 


5.9 


110.8 


4.0 


106.8 


138.0 


Mar. 


8.4 


10.3 


105.3 


7.6 


131.6 


5.8 


125.8 


185.6 


Apr. 


10.8 


8.7 


102.7 


10.5 


132.7 


5.8 


126.9 


192.3 


May 


10.6 


14.9 


104.8 


9.0 


139.2 


3.5 


135.7 


189.7 


June 


11.4 


11.0 


110.7 


10.9 


144.0 


4.3 


139.7 


187.8 



Millions of Dollars 




2. MERCHANDISE EXPORTS'** " ' 


i) 








TOTAL EXPORTS (Excluding Gold) TO 




Total Exports 














IN HI 


Including Net 




U.K. 


Other 

British^) 


U.S.A. 


Other 
Foreign 


All 
Countries 


Non-Monetary 
Gold Exports 


Non - Monetary 
Gold 


Calendar Years 
















1937 


384 


107 


382 


158 


1,031 


145 


1,176 


1938 


334 


103 


261 


137 


835 


161 


996 


1939 


331 


104 


336 


126 


897 


185 


1,081 


1940 


532 


157 


416 


81 


1,186 


203 


1,389 


1941 


702 


300 


573 


63 


1,638 


204 


1,842 


1942 


742 


625 ' 


886 


111 


2,364 


184 


2,548 


1943 


1,033 


558 


1,149 


232 


2,971 


142 


3,113 


1944 


1,235 


494 


1,301 


410 


3,440 


110 


3,550 


12-Months Ending 
















June, 1945 


1,161 


542 


1,282 


427 


3,412 


99 


3,511 


1944— Jan. 


94.8 


32.7 


85.3 


29.2 


242.0 


9.4 


251.5 


Feb. 


78.2 


34.2 


91.7 


23.1 


227.2 


8.1 


235.3 


Mar. 


110.4 


34.7 


97.4 


40.3 


282.7 


12.9 


295.6 


Apr. 


101.2 


35.9 


120.3 


25.5 


282.9 


9.3 


292.2 


May 


140.2 


51.1 


131.9 


45.2 


368.4 


9.4 


377.7 


June 


127.9 


56.9 


111.2 


47.2 


343 2 


10.9 


354.0 


1945— Jan. 


83.2 


36.0 


84.7 


26.5 


230.5 


8.7 


239.2 


Feb. 


67.5 


41.8 


91.5 


35.6 


236.4 


8.4 


244.8 


Mar. 


108.8 


51.9 


103.3 


37.2 


301.2 


10.2 


311.4 


Apr. 


109.1 


52.6 


109.1 


41.5 


312.3 


6.8 


319.2 


May 


115.6 


42.8 


117.2 


39.6 


315.2 


10.2 


325.4 


June 


94.6 


68.5 


112.3 


47.5 


322.8 


4.7 


327.5 



* It is important to note that under wartime conditions import and export statistics are not reliable indicators of international payments arising out 
of commodity trade, e.g. goods may be shipped overseas for use of Canadian forces, or may be shipped to destinations other than the country of 
purchase. Estimated payments and receipts arising from visible trade are presented in the Balance of International Payments Statistics on pages 
73-74 of the Aug. -Sept. 1944 issue. (1) For earlier years, see page 31, Feb. -Mar. 1945 issue. 

(2) In the case of imports from the United Kingdon, does not include articles imported for the use of the armed forces of the United Kingdom, nor 
articles admitted free under Order in Council. 

(3) Includes Egypt. 

(4) In the case of wheat, export clearance figures are based on Board of Grain Commissioners rather than Customs data up to Dec. 1941. After that 
date (owing to lack of available data) customs figures are used. 



55 



JUNE - JULY 19< 



Index 1935-39 = 100 



VI— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1926 


133.3 


116.8 


139.1 


115.9 


106.1 


121.8 


1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1936 


97.8 


101.5 


99.3 


96.1 


97.2 


99.1 


98.1 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1938 


103.8 


97.7 


100.9 


103.1 


102.4 


101.2 


102.2 


1939 


100.6 


101.2 


100.7 


103.8 


101.4 


101.4 


101.5 


1940 


105.6 


107.1 


109.2 


106.3 


107.2 


102.3 


105.6 


1941 


116.1 


110.3 


116.1 


109.4 


113.8 


105.1 


111.7 


1942 


127.2 


112.8 


120.0 


111.3 


117.9 


107.1 


117.0 


1943 


130.7 


112.9 


120.5 


111.5 


118.0 


108.0 


118.4 


1944 


131.3 


110.6 


121.5 


111.9 


118.4 


108.9 


118.9 


Monthly 
















1944— Jan. 


131.5 


112.7 


121.1 


111.9 


118.4 


108.9 


119.0 


Feb. 


130.9 


113.0 


121.3 


111.9 


118.4 


109.1 


118.9 


Mar. 


131.1 


113.0 


121.3 


111.9 


118.4 


109.0 


119.0 


Apr. 


131.5 


113.0 


121.4 


111.9 


118.4 


109.0 


119.1 


May 


131.7 


112.5 


121.5 


111.9 


118.5 


109.0 


119.2 


June 


131.1 


112.5 


121.5 


111.9 


118.4 


109.0 


119.0 


1945— Jan. 


130.2 


109.1 


121.8 


112.0 


118.3 


109.2 


118.6 


Feb. 


130.6 


107.4 


121.7 


112.0 


118.4 


109.2 


118.6 


Mar. 


131.0 


107.3 


121.7 


112.0 


118.5 


109.2 


118.7 


Apr. 


131.0 


106.7 


121.8 


112.0 


118.5 


109.2 


118.7 


Mav 


131.7 


10().(i 


122.0 


112.1 


118.9 


109.4 


119.0 


June 


133.4 


106.6 


122.1 


112.1 


118.9 


109.4 


119.6 



♦Components were selected and weighted on the basis of 1938 family incomes ranging from $450 -$2,500. with incomes bet ween $1,200 -$1,600 most common. 



RETAIL SALES AND RETAIL PRICES : 1939-45 



DOMINION BUREAU OF STATISTICS 



NDEXES 1935-39-100 




(JUNE - JULY 1945 



Index 1935-39 = 100 



56 



VII— RETAIL MERCHANDISE SALES 

Dominion Bureau of Statistics 



VALUE 





Country 
General 
Stores 


Department 
Stores 


Variety 
Stores 


Food 
Stores 


Restaurants 


Family 

Clothing 

Stores 


Men's 

Clothing 

Stores 


Women's 

Clothing 

Stores 


Annual Average 

1938 


103.2 


99.9 


105.2 


102.7 


99.4 


* 


99.0 


100.0 


1939 


100.7 


103.6 


112.3 


108.6 


97.2 


* 


100.2 


101.5 


1940 


106.7 


116.2 


133.8 


119.6 


105.1 


* 


114.2 


117.0 


1941 


116.2 


133.8 


161.3 


137.6 


123.3 


136.4 


136.5 


136.4 


1942 


132.9 


149.7 


185.5 


157.7 


147.4 


162.3 


162.4 


166.0 


1943 


148,0 


150.8 


185.5 


165.3 


176.9 


173.3 


164.8 


177.1 


1944 


161.7 


165.7 


194.7 


175.5 


189.9 


183.6 


175.9 


191.3 


Monthly 

1944— Jan. 


160.5 


151.3 


212.3 


169.2 


191.6 


174.6 


153.3 


180.9 


Feb. 


162.3 


156.3 


203.6 


171.3 


187.4 


176.8 


173.3 


191.0 


Mar. 


163.5 


174.0 


200.9 


174.8 


188.0 


169.8 


170.6 


204.0 


Apr. 


175.7 


174.0 


196.2 


180.6 


191.5 


174.9 


177.1 


180.7 


May 


166.5 


160.0 


191.8 


175.4 


184.7 


186.6 


185.9 


192.0 


June 


164.4 


143.4 


189.5 


191.8 


187.4 


182.4 


179.9 


179.4 


July 


160.1 


157.0 


186.8 


174.9 


188.3 


188.7 


179.0 


189.1 


Aug. 


161.1 


165.3 


184.4 


182.6 


182.7 


181.2 


169.9 


196.6 


Sept. 


152.9 


179.7 


191.2 


168.0 


L84.7 


189.1 


172.6 


204.9 


Oct. 


159.9 


171.3 


199.1 


174.8 


196.0 


195.9 


ISO. 9 


191.4 


Nov. 


160.3 


194.7 


217.2 


172.3 


203.4 


197.7 


L87.3 


205.3 


Dec. 


163.3 


158.4 


184.1 


176.2 


190.5 


181.8 


172.9 


189.9 


1945— Jan. 


166.0 


163.1 


221.5 


176.3 


188.4 


186.3 


165.7 


190.0 


Feb. 


172.0 


181.0 


223.6 


182.3 


193.9 


197.0 


192.3 


221.1 


Mar. 


179.7 


215.5 


234.4 


188.1 


196.4 


230.4 


217.7 


259.5 


Apr. 


178.2 


171.7 


212.9 


185.4 


195.8 


173.1 


159.9 


175.2 


Mav 


168.5 


157.3 


194.9 


189.6 


187.2 


183.8 


174.3 


190.8 


June 


172.4 


160.8 


194.3 


196.4 


198.4 


199.5 


lss.2 


196.0 



Index 1935-39 = 


--100 


















Shoe 
Stores 


Drug 
Stores 


Furniture 
Stores 


Hardware 
Stores 


Jewellery 
Stores 


Radio 

and Electrical 

Stores 


Total 


Retail 
Price 
Index 


Annual Average 

1938 


98.4 


102.6 


98.1 


106.6 


* 


100.8 


101.4 


102.8 


1939 


96.6 


104.8 


102.0 


107.6 


* 


103.0 


105.1 


101.0 


1940 


106.6 


113.9 


118.1 


117.3 


* 


130.3 


117.5 


106.6 


1941 


126.7 


131.2 


126.4 


138.3 


149.5 


138.8 


133.9 


114.9 


1942 


153.7 


149.9 


127.1 


149.9 


167.9 


133.7 


152.7 


122.4 


1943 


162.0 


165.9 


118.4 


147.0 


193.8 


112.5 


160.3 


124.5 


1944 


172.3 


179.3 


130.0 


166.4 


218.2 


10S.6 


172.6 


125.2 


Monthly 

1944— Jan. 


146.9 


176.8 


139.6 


179.3 


207. 8 


124.2 


167.1 


125.3 


Feb. 


167.6 


175.1 


125.5 


193.2 


202.4 


120.1 


169.6 


125.1 


Mar. 


180.5 


172.2 


137.7 


179.1 


206.6 


116.3 


174.2 


125.1 


Apr. 


159.1 


174.8 


126.6 


160.7 


224.1 


114.8 


176.3 


125.4 


May 


177.2 


173.6 


132.3 


149.3 


202.7 


99.4 


171.0 


125.4 


June 


165.3 


177.1 


141.0 


160.9 


205.8 


115.1 


173.0 


125.1 


July 


184.5 


171.4 


155.1 


162.8 


216.5 


110.2 


170.9 


125.6 


Aug. 


181.2 


171.6 


119.6 


166.9 


198.0 


104.1 


172.7 


125 3 


Sept. 


169.4 


172.0 


112.8 


153.1 


223.1 


100.4 


170.5 


125.2 


Oct. 


175.9 


182.5 


123.3 


164.2 


224.4 


99.3 


174.4 


124.9 


Nov. 


190.9 


184.7 


137.8 


180.4 


244.5 


104.2 


181.8 


125.3 


Dec. 


169.4 


205.6 


124.6 


177.1 


233.4 


108.0 


172.7 


124.7 


1945— Jan. 


143.1 


187.2 


151.3 


200.4 


209.8 


118.4 


174.9 


124.6 


Feb. 


183.1 


185.9 


144.0 


218.4 


243.4 


121.5 


185.6 


124.8 


Mar. 


243.2 


186.6 


165.4 


231.5 


268.0 


129.0 


201.8 


125.0 


Apr. 


161.6 


184.4 


147.1 


186.2 


227.8 


112.7 


179.7 


125.1 


May 


173.6 


183.8 


134.8 


155.2 


219.7 


99.3 


175.9 


125.5 


June 


190.6 


190.8 


154.4 


176.1 


239.6 


120.2 


183.9 


126.4 



** Adjusted for number of business days and seasonal variations * Not Available. 



57 



JUNE - JULY 19t 



CANADA 

Dominion Bureau of Statistics 



VIII— WHOLESALE PRICES 

Index 1926 = 100 

U.K. 

Board of Traded 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


88.8 


90.0 


1942 


82.5 


90.1 


98.1 


91.9 


95.6 


1943 


95.9 


99.1 


102.4 


93.1 


100.0 


1944 


102.9 


104.0 


101.4 


93.6 


102.5 


Monthly 












1944- J une 


102.0 


104.2 


101.2 


93.4 


102.5 


July 


102.0 


103.9 


101.2 


93.4 


102.5 


Aug. 


101.2 


103.6 


100.8 


93.5 


102.3 


Sept. 


101.1 


103.4 


100.7 


93.6 


102.3 


Oct. 


102.9 


103.5 


100.8 


93.6 


102.3 


Nov. 


103.1 


103.5 


100.8 


93.7 


102.4 


Dec. 


103.3 


103.6 


100.7 


93.7 


102.5 


1945-Jan. 


104.4 


104.3 


101.5 


93.8 


102.8 


Feb. 


104.6 


104.5 


101.7 


93.8 


102.9 


Mar. 


105.1 


104.7 


101.9 


93.7 


103.0 


Apr. 


L05.3 


104.7 


102.0 


94.2 


103.4 


May 


104.6 


105.0 


103.0 


93. S 


103.0 


June 


105.7 


105.8 


104.0 


93.7 


103.2 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


108.5 


110.2 


119.5 


123.1 


128.8 


128.6 


130.8 


131.4 


129.1 


134.1 


128.9 


134.0 


131.3 


134.8 


129.9 


135.2 


128.3 


134.8 


127.5 


134.5 


127.5 


134.7 


128.1 


134.9 


127.9 


134.9 


128.0 


134.9 


127.9 


135.4 


127.6 


135.3 


127.6 


135.9 


130.6 


137.2 



U.S.A. 

Bureau of Labor Statistics 



Farm 


Raw 








Products 


Materials 


Foods 


factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


122.6 


112.1 


106.8 


100.2 


103.2 


123.5 


113.3 


105.0 


100.8 


104.0 


125.0 


114.2 


106.3 


100.9 


104.3 


124.1 


113.6 


105.8 


100.9 


104.1 


122.6 


112.7 


104.8 


100.9 


103.9 


122.7 


112.8 


104.2 


100.9 


104.0 


123.4' 


113.2 


104.2 


101.0 


104.1 


124.4 


113.8 


105.1 


101.1 


104.4 


125.5 


114.6 


105.5 


101.1 


104.7 


126.2 


115.1 


104.7 


101.3 


104.9 


127.0 


115.6 


104.7 


101.5 


105.2 


127.2 


115.7 


104.6 


101.6 


105.3 


129.0 


116.8 


105.8 


101.8 


105.7 


129.9 


117.7 


107.0 


101.8 


106.0 


130.4 


118.2 


107.5 


101.8 


106.1 



(1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930 = 
Prices of Finished Products. 



100 in 1930 and thereafter. (2) Bureau of Labor Statistics Index of 



EMPLOYMENT AND PAYROLLS IN INDUSTRY : 1941-45 * 
MANUFACTURING INDUSTRIES TOTAL 



INDEX JUNE t 1941-100 



INDEX JUNE I 1941 = 100 





D M 
1945 



* As reported by establishments with not less than 15 employees. 



** Aggregate earnings for t he last week of the previous month. 



UNE - JULY 1945 

IX— EMPLOYMENT AND PAYROLLS BY INDUSTRIES* 

Dominion Bureau of Statistics 
Unadjusted Index 1926 = 100 EMPLOYMENT INDEXES 



58 





MANUFACTURING 


Mining 


Transpor- 
tation 


Construc- 
tion and 
Maint- 
enance 


Trade 


Total 

(ex. 
Finance) 

** 




Foods 


Forest 
Industries 

(2) 


Textiles 


Machinery 

and 

Vehicles 


Other 

Iron and 

Steel 


Other 
Manufac- 
turing 


Average of Months 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


107.8 


112.4 


107.2 


121.9 


130.2 


126.4 


120.1 


109.7 


129.7 


126.2 


119.0 


1933 


98.0 


70.6 


96.1 


62.5 


59.0 


92.5 


97.5 


79.0 


74.6 


112.1 


83.4 


1937 


118.0 


117.0 


125.6 


98.6 


115.8 


128.8 


153.2 


85.2 


99.5 


132.1 


114.1 


1938 


116.9 


103.8 


120.4 


93.5 


108.9 


129.3 


155.9 


84.4 


105.4 


132.6 


111.8 


1939 


121.2 


100.9 


121.5 


89.5 


110.0 


132.0 


163.8 


85.6 


113.0 


136.6 


113.9 


1940 


138.1 


118.3 


144.1 


115.7 


151.6 


144.3 


168.4 


89.7 


90.7 


142.9 


124.2 


1941 


156.2 


134.1 


159.2 


175.8 


249.3 


185.5 


176.6 


98.9 


126.6 


156.5 


152.3 


1942 


159.7 


139.4 


166.6 


229.3 


394.4 


235.3 


171.3 


105.5 


130.3 


156.1 


173.7 


1943 


165.4 


135.5 


160.4 


266.3 


465.2 


264.9 


158.5 


114.4 


129.8 


155.1 


184.1 


1944 


190.7 


146.7 


157.1 


274.3 


416.5 


261.0 


154.5 


121.2 


104.6 


164.2 


183.0 


Aver. 12-Mths. Ending 
























June, 1945 


193.7 


152.2 


157.2 


257.0 


386.7 


254.7 


150.0 


123.0 


105.7 


169.4 


180.9 


1944-Feb. 


177.0 


153.8 


157.7 


284.4 


438.8 


266.6 


159.5 


114.2 


90.9 


159.9 


183.2 


Mar. 


174.1 


154.5 


159.9 


284.1 


433.6 


264.2 


159.3 


114.8 


85.3 


156.5 


181.7 


Apr. 


173.7 


148.2 


161.4 


280.6 


434.8 


261.3 


159.1 


117.1 


81.8 


159.4 


180.5 


May 


176.1 


132.7 


159.7 


275.2 


424.2 


259.0 


155.4 


120.9 


N7.2 


160.4 


178.2 


June 


181.3 


137.9 


157.5 


272.6 


419.3 


259.4 


152.9 


122.4 


101.3 


161.3 


180.5 


1945-Feb. 


187.8 


165.2 


159.7 


252.6 


373.9 


254.1 


151.5 


118.2 


89.9 


169.4 


178.9 


Mar. 


180.7 


165.4 


161.1 


249.2 


378.0 


252.2 


150.7 


117.9 


89.2 


167.0 


178.2 


Apr. 


177.5 


157.4 


160.9 


242.9 


378.6 


251.6 


149.5 


120.7 


87. 


172.6 


176.9 


May 


176.7 


145.2 


158.8 


238.6 


372.5 


249.0 


145.7 


124.4 


9S.S 


171.0 


175.5 


June 


180.1 


147.4 


157.8 


234.4 


365.5 


243.8 


144.6 


125.9 


103.1 


171.1 


175.3 



Thousands 



NUMBER OF EMPLOYEES : REPORTING FIRMS*: 1944-45 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total (as above) 



NUMBER OF EMPLOYEES : FIRST OF MONTH 



Dec. 



1,154 

90 

71 

30 

160 

140 

48 

196 

66 



1 ,954 



Jan. 



1,115 

94 

69 

30 

158 

' 125 

47 

198 

66 



1,901 



Feb. 



1,127 

94 

71 

30 

152 

115 

48 

1S4 

67 



1 ,887 



Mar. 



1,124 

93 

71 

30 

152 

114 

49 

181 

67 



1,881 



Apr. 



1,117 

80 

70 

30 

156 

111 

50 

1S9 

67 



1,870 



May 



1,105 

62 

69 

30 

161 

127 

50 

1X7 

67 



1 ,85' 



June 



1,097 

61 

68 

31 

163 

132 

50 

188 

67 



1 ,85/ 



Thousands of Dollars 



PAYROLLS : REPORTING FIRMS*: 1944-45 



AGGREGATE WEEKLY EARNINGS : FIRST OF MONTH 



Dec. 



Jan. 



Feb. 



Mar. 



Apr. 



May 



June 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total (as above) 



38,487 
2,254 
2,836 

920 
6,174 
4,159 

942 
5,001 
2,155 



02,926 



33,695 
2,532 
2,401 

926 
6,110 
3,613 

905 
5,026 
2,159 



37,258 
2,357 
2,802 

929 
5,939 
3,441 

938 
4,882 
2,186 



37,734 
2,570 
2,836 

932 
6,111 
3,495 

985 
4,867 
2,190 



36,355 
2,265 
2,704 

947 
6,107 
3,345 

979 
4,993 
2,239 



37,092 
1 ,664 
2,694 
945 
6,165 
3,671 
1,002 
5,028 
2,242 



57,367 



60,731 



61,719 



59,933 



60,504 



36,078 
1,623 
2,588 

978 
6,232 
3,937 

988 
5,039 
2,248 



59,710 



* As reported by establishments with not less than 15 employees. ** Employment indexes for financial institutions were not compiled prior to 1940. 

(1) Average Jan. 1 - Dec. 1. (2) Lumber and Products, Pulp and Paper Products and Logging. 



59 



JUNE - JULY l«k 



Thousands of Short Tons 



X— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 





SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 


Exports 


Total 


U.S. 


Canadian 




Net 
Increase 














Canada 


New- 
foundland 


U.S.A. 


Total 


Overseas 


Supply 


Publishers 


Publishers 


Total 


or 
Decrease 


Calendar Years 
























.1935 


2,751 


332 


912 


3,995 


197 


734 


3,458 


3,345 


200 


3,545 


86 


1936 


3,209 


326 


921 


4,457 


242 


851 


3,848 


3,692 


195 


3,887 


38 


1937 


3,648 


350 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1938 


2,625 


268 


820 


3,713 


243 


681 


3,276 


3,422 


160 


3,582 


306 


1939 


2,869 


305 


939 


4,114 


310 


656 


3,768 


3,520 


190 


3,710 


58 


1940 


3,419 


351 


1,013 


4,783 


34 


892 


3,925 


3,731 


185 


3,916 


9 


1941 


3,426 


345 


1,015 


4,786 


3 


642 


4,146 


3,930 


198 


4,127 


19 


1942 


3,177 


277 


953 


4,407 


- 


296 


4,111 


3,816 


203 


4,019 


92 


1943 


2,983 


236 


805 


4,024 


- 


413 


3,611 


3,627 


194 


3,821 


210 


1944 


2,992 


273 


720 


3,984 


- 


568 


3,416 


3,243 


188 


3,431 


15 


12-Mths Ending 
























June, 1945 


3,056 


309 


735 


4,101 


- 


589 


3,512 


3,292 


202 


3,494 


18 


Monthly 

1944-Feb. 


240.0 


21.6 


53.9 


315.4 


_ 


46.0 


269.5 


251.7 


14.9 


266.6 


2.9 


Mar. 


252.1 


18.9 


61.2 


332.2 


- 


48.5 


283.6 


278.2 


15.3 


293.6 


10.0 


Apr. 


236.4 


19.7 


54.6 


310.7 


- 


51.5 


259.2 


277.4 


15.2 


292.7 


33.4 


May 


262.5 


23.8 


60.9 


347.2 


- 


45.7 


301.5 


272.3 


16.5 


288.8 


12.7 


June 


246.9 


22.0 


61.1 


330.0 


- 


55.5 


274.5 


263.6 


16.6 


280.1 


5.7 


1945-Feb. 


239.7 


26.0 


58.2 


323.9 


- 


39.2 


284.7 


250.1 


15.6 


265.7 


19.0 


Mar. 


263.8 


27.1 


64.7 


355.6 


- 


59.2 


296.4 


289.7 


17.6 


307.3 


10.8 


Apr. 


245.4 


27.7 


59.8 


332.9 


- 


44.6 


288.3 


290.3 


16.2 


306.5 


18.2 


May 


264.5 


28.1 


63.8 


356.3 


- 


49:3 


307.0 


294.0 


16.6 


310.6 


3.6 


June 


266.4 


27.9 


60.8 


355.1 


- 


64.5 


290.6 


272.2 


26.0 


298.2 


7.6 



NEWSPRINT : NORTH AMERICA : 1936-45 

THOUSANDS OF SHORT TONS THOUSANDS OF SHORT TONS 



4400 



4000 



3600 



4400 



4000 



3600 




IS36 1937 1938 1939 1940 1941 1942 1943 

(1) Total supply: see above table. (2) See above table. (3) Cumulative difference of (a) Retained Production plus Imports and (hi 
Consumption by Publishers. I<"or monthly figures see above tabic. 



I 



LINE -JULY 1945 



60 



MILLIONS OF CUBIC FEET 



ESTIMATES OF FOREST PRODUCTION : 1926-43 

VOLUME OF STANDING TIMBER USED 

Dominion Bureau of Statistics 



MILLIONS OF CUBIC FEET 



4000 



ANNUAL TOTALS 



4000 




3000 



2000 



I000 



1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 I93S 1939 1940 1941 1942 1943 1944 1945 1946 



MILLIONS OF ROUGH CORDS 



ESTIMATED DISTRIBUTION OF PULPWOOD PRODUCTION : 1926-43 

Dominion Bureau of Statistics 



MILLIONS OF ROUGH CORDS 



10 





ANNUAL TOTALS 






TOTAL PUL 


PWOOO PRODUCTION ^ / 


: ALL m. 
OTHER \ 










^^^ \ 








k /^>^WVXY 


■Q NEWSPRINT PRODUCTION (\ 






<xxx^^P^^^^ 


Y WOOD PULP EXPORTS ^ 




w$msm& 


|§§|||||§§§f 




jj PULPWOOD EXPORTS 1 


m m^M 





10 



1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 



3> 



TATISTICAL SUMMARY 



ANK OF CANADA 



Tables Charts 

I Bank of Canada: 

Assets and Liabilities 

II Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 
Cash in Canada and Canadian Deposits 

Canadian Deposits 

Canadian Deposits, Loans and Dom.-Prov. Securities 

III Security Prices: 

Govt. Securities, Payable in Canada only 

Yields of Dom. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S. A 

Yields of Govt. Bonds, Canada, U.K. and U.S.A. 

IV Government Revenue and Expenditure: Consolidated Table 
V Bond Issues and Retirements .... 

VI Business Activity 

VII Wholesale Prices 

VIII Steam Railways: Revenue Freight Loaded . 

Revenue Freight Loaded . 

IX Imports and Exports by Countries . 

X Canadian Wheat: Statistical Position 

Wheat Acreage and Average Yield per Acre 

XI Grains: Acreage and Production .... 



Pages 
Gl - 62 



63 - 64 
61 
62 
63 
64 



65 
65 
66 
66 

67 - 68 

09 
70 
70 

71 

71 



73 
73 

74 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



AUG.- SEPT. 1945 



61 



AUG. - SEPT. 19 



Millions of Dollars 



I- r\> 











LIABILITIES 










Chartered Bank Cash 


Govt. 
Deposits 


Other (i) 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


— 
Ital 

A'*t! 

Liajt 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Month-end Figures 

1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


50.1 


6.6 




1936-12 Mths. 


38.3 


186.8 


225.1 


20.3 


.9 


66.9 


9.2 


I 


1937 


46.2 


193.7 


239.9 


24.3 


1.1 


94.9 


13.2 


.-3 


1938 


51.4 


200.7 


252.1 


21.2 


2.2 


109.7 


12.8 


:«e 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


129.3 


11.0 


■i 


1940 


70.2 


217.2 


287.3 


42.4 


8.5 


206.9 


15.7 


so 


1941 


86.4 


221.9 


308.3 


55.7 


6.7 


320.0 


19.5 


■c 


1942 


100.2 


240.2 


340.4 


50.2 


17.2 


472.0 


22.6 


!2 


1943 


112.4 


300.4 


412.9 


47.6 


22.9 


661.0 


30.3 


1,4 


1944 


122.2 


404.7 


526.9 


41.2 


54.8 


821.3 


36.7 


1,'C 


End of 

1944-Apr. 


116.0 


385.2 


501.2 


24.6 


17.4 


799.3 


28.8 


i,:i 


May 


138.7 


377.7 


516.4 


101.8 


26.6 


772.8 


34.1 


i.<i 


June 


103.4 


414.7 


518.1 


8.2 


22.0 


817.1 


54.3 


1,<S 


July 


121.9 


414.9 


536.8 


43.0 


22.3 


820.5 


31.9 


l.M 


Aug. 


127.4 


432.5 


559.9 


53.9 


34.3 


833.0 


37.9 


l,!i« 


1945-Apr. 


139.7 


448.9 


588.6 


39.5 


222.7 


922.6 


32.3 


1,H5 


May 


148.0 


464.8 


612.8 


33.6 


208.7 


907.8 


58.8 


1,11 


June 


121.7 


492.0 


613.6 


43.9 


210.3 


941.5 


32.7 


l,n2 


July 


140.2 


441.1 


581.4 


57.5 


212.0 


938.6 


34.4 


i,r.3 


Aug. 


127.9 


444.4 


572.3 


32.6 


215.8 


970.0 


63.1 


1,10 



(1) Includes deposits payable in sterling. U.S.A. and foreign gold currencies shown under item 5 (a) of the Bank of Canada Statement since Nov. 30. 1944 
the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and nece 



CHARTERED BANK CANADIAN DEPOSITS &. ACTIVE NOTE CIRCULATION* 1941-45 



MILLIONS OF DOLLARS 

7000 



6000 



MILLIONS OF DOLLARS 

7000 



6000 



5000 



4000 



3000 




5000 



4000 



3000 



M 



J 
1944 



M 



J 
1945 



JSDMJSDMJSC 
1941 1942 1943 

* Bank of Canada notes in public circulation and chartered bank note circulation, including an approximate amount for the latter item after 
September 1944. 



Iaug 


- SEPT. 1945 


















JiCANADA 
















Millions of Dollars 






ASSETS 












Reserve 


Securities 




All 
Other 




1 




Foreign 
Currencies 


Total 


Reserve 


Dom.-Prov. 


Dom.-Prov. 




Advances 




Id 


Silver 


Reserve 


Ratio 


Under 


Over 


Total'" 




Accounts 










% 


2 yrs. 


2 yrs. 










■» 




















Average of 
Month-end Figures 


b 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


1935-10 Mths. 


f).8 


1.8 


9.5 


191.1 


60.99 


38.3 


86.9 


125.2 


1.7 


4.5 


1936-12 Mths. 


>.o 


2.5 


19.0 


203.5 


56.50 


59.7 


97.7 


163.9 


- 


5.9 


1937 


.2 


.8 


27.6 


209.6 


54.42 


123.6 


52.5 


181.1 


1.0 


6.3 


1938 


).8 


- 


41.7 


252.5 


57.71 


142.8 


46.2 


189.1 


.2 


6.7 


1939 


\ 




* 


* 


* 


* 


* 


* 








ji.3 


- 


36.1 


111.4 




326.6 


108.4 


435.1 


3.5 


11.0 


1940 




- 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




- 


18.8 


18.8 




791.2 


339.5 


1,130.6 


- 


25.2 


1943 




— 


44.1 


44.1 




831.1 


573.6 


1,407.1 


.4 


29.3 


1944 

End of 




- 


.2 


.2 




777.1 


567.7 


1,344.7 


- 


26.4 


Apr.-1944 




- 


.3 


.3 




879.0 


548.7 


1,427.7 


2.6 


21.2 


May 




- 


.2 


.2 




803.5 


576.1 


1,379.6 


.5 


39.4 


June 




- 


25.9 


25.9 




801.6 


602.6 


1,404.2 


- 


24.4 


July 




- 


48.7 


48.7 




849.4 


593.8 


1,443.2 


- 


26.9 


Aug. 




- 


196.6 


196.6 




937.7 


621.7 


1,569.5 


- 


39.7 


Apr.-1945 




- 


177.9 


177.9 




1,068.3 


533.5 


1,611.8 


1.5 


30.5 


May 




- 


174.4 


174.4 




1,073.8 


559.5 


1,643.3 


- 


24.4 


June 




- 


174.4 


174.4 




1,034.7 


558.3 


1,603.0 


- 


46.5 


July 




— 


176.1 


176.1 




1,031.5 


584.0 


1,625.5 


— 


52.3 


Aug. 



62 



Securities". *May 1940 and subsequent figures give effect to the enactment, under the War Measures Act. of the Foreign Exchange Acquisition Order and 
j, were sold to the Foreign Exchange Control Board, and the Bank's minimum gold reserve requirement was temporarily discontinued. 



CHARTERED BANKS: CASH IN CANADA* AND CANADIAN DEPOSITS : 1941-45 

MILLI ONS OF DOLLARS MILLIONS OF DOLLARS 

7000T 



6000 



5000 



4000 



3000 




j 

1941 

* See note (3) on page 63 



J S 

1942 



M J 

1943 



J 
1944 



J 
1945 



63 



AUG. - SEPT. 194 



II— CHK1 



Millions of Dollars 






















in.: 




LIABILITIES 






Notes 


Deposits 


Cash 

in (3) 


Securities 








Dom. 


Canadian 




Total (i) 


DOM -PROV. 








Demand 


Notice 


and Prov. 


Deposits'" 


Foreign 


Deposits 


Canada 




>r 




Under 2 yrs.| Over 2 yrs. 






Average of 






















Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 






1929 


178 


096 


1,480 


102 


2,293 


418 


2,837 


212 


342 




">i 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 






1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


718 


ft 




1940 


91 


875 


1,647 


227 


2,753 


430 


3,250 


287 


6S1 


630 


2< 


1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 


lr 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 




1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 




1944 


37 


1,864 


2,273 


570 


4,686 


716 


5,531 


527 


1,842 


1,149 




End of 
























1944-Apr. 


39 


1 ,987 


2,254 


265 


4,483 


691 


5,297 


501 


1,996 


1,033 


?i 


May 


37 


1,711 


2,094 


1,044 


4,806 


745 


5,691 


516 


1,856 


1,155 


3< 


June 


37 


1,841 


2,195 


SOO 


4,824 


791 


5,753 


518 


1,810 


1,172 


j 


July 


36 


1,819 


2,265 


632 


4,700 


738 


5,568 


537 


1,819 


1,186 


j,^ 


Aug. 


36 


1,894 


2,370 


403 


4,656 


723 


5,504 


560 


1,809 


1,184 


5 


1945-Apr. 


30 


2,113 


2,735 


362 


5,175 


766 


6,084 


589 


2,004 


1,381 


1 


May 


29 


1,792 


2,563 


1,260 


5,594 


769 


6,494 


613 


2,065 


1,407 


i 


June 


29 


1,857 


2,646 


1,037 


5,530 


764 


6,431 


614 


2,064 


1,522 


4 


July 


28 


1 ,935 


2,741 


593 


5,256 


756 


6,141 


581 


1,836 


1,561 


4 


Aug. 


28 


2,026 


2,833 


370 


5,215 


762 


6,113 


572 


1,850 


1,565 







(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada. Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and «r 

CHARTERED BANKS : CANADIAN DEPOSITS : 1941-45 



MILLIONS OF DOLLARS 

3000 



2500 



MILLIONS OT DOLLARS 

3000 



2500 




2000 



1500 



2000 



1500 









1000 



M 



JSDMJSOMJS 
1041 1942 1943 

* Chiefly Dominion and Provincial Government and Foreign Banks. 



J S 

1944 



J 
1945 



[AUG. 



SEPT. 1945 



64 



3 BANKS 

■ da 



tal 



>33 
199 
596 

>40 

579 

r27 

)73 

$53 

390 
374 
358 
388 
368 

799 
385 
)96 
302 
835 



Call 



140 
267 

117 

55 
44 
34 

29 
35 
62 

42 
81 
71 
63 
61 

82 
125 
123 
135 
112 



ASSETS 



Loans 



CANADA 



Current 
Public 



934 
1,343 
1,032 

855 

969 

1,091 

1,075 
1,053 
1,022 

867 
1,117 
1,061 
1,024 

966 

1,023 
1,249 
1,109 
1,046 

988 



Current 
Other 



87 

112 
165 

133 

122 

95 

80 
62 
44 

53 

58 
43 
38 
36 

25 
50 
32 
34 
33 



ABROAD 



Call 



250 

301 

84 

48 
44 
44 

56 

81 

100 

80 
109 
100 
101 

99 

101 
113 
120 
111 
119 



Current 



261 
248 
172 

145 
138 
133 

127 
102 

114 

117 
118 
110 
110 
112 

122 
124 
131 
129 
129 



Total 
Assets 



2,864 
3,528 
2,869 

3,592 
3,707 
4,008 

4,400 
5,149 
5,990 

5,742 
6,143 
6,210 
6,033 
5,970 

6,546 
6,957 
6,895 
6,613 
6,580 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in o) 
Canada 


Deposits 


Canadian 


Note ( s) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


269 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


538 


4,575 


11.8 


835 


1944 


510 


4,352 


11.7 


818 


Apr.-1944 


531 


4,635 


11.5 


805 


May 


547 


4,657 


11.8 


810 


June 


544 


4,672 


11.6 


833 


July 


546 


4,595 


11.9 


852 


Aug. 


586 


4,993 


11.7 


940 


Apr.-1945 


602 


5,344 


11.3 


930 


May 


639 


5,507 


11.6 


934 


June 


598 


5,237 


11.4 


948 


July 


599 


5,172 


11.6 


966 


Aug. 



gures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 

ink of Canada notes in public circulation and chartered bank note circulation, including an approximate amount for the latter item after September 1944. 



CHARTERED BANKS : CANADIAN DEPOSITS, LOANS &. DOM.-PROV. SECURITIES : 1941-45 



MILLIONS Of" DOLLARS 



MILLIONS Or DOLLARS 



6000 



5000 



4000 



3000 



2000 



1000 




6000 



5000 



4000 



3000 



2000 



1000 



65 



AUG. - SEPT. 19- 



III— SECURITY PRICES 

Bank of Canada 







Dominion < 


jf Canada Bonds Payable in Canada Only 

Middle of the Market quotations 






Average of E 


usiness Days 


15th of Each Month 




3% Perpetuals 


Theoretical 
15 Year 

Bond 


Theoretical 
9 Year 
Bond 


Theoretical 

5 Year 

Bond 


Theoretical 
2 Year 
Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1938 


89.67 


3.35 


3.09 


2.76 


1.91 


1.13 


1939 


91.58 


3.28 


3.16 


2.90 


2.13 


1.54 


1940 


88.46 


3.39 


3.28 


2.95 


2.16 


1.48 


1941 


92.23 


3.26 


3.10 


2.92 


2.12 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.69 


2.14 


1.46 


Monthly 

1944— Sept. 


97.25 


3.08 


2.99 


2.67 


2.10 


1.44 


Oct. 


97.25 


3.08 


2.99 


2.67 


2.10 


1.44 


Nov. 


97.19 


3.09 


2.99 


2.67 


2.10 


1.44 


Dec. 


97.25 


3.08 


2.99 


2.67 


2.08 


1.44 


1945— Jan. 


97.25 


3.08 


2.98 


2.65 


2.06 


1.42 


Feb. 


97.25 


3.08 


2.97 


2.64 


2.05 


1.41 


Mar. 


97.25 


3.08 


2.97 


2.60 


2.01 


1.40 


Apr. 


97.25 


3.08 


2.96 


2.57 


1.97 


1.38 


May 


97.31 


3.08 


2.96 


2.57 


1.97 


1.38 


June 


97.51 


3.08 


2.95 


2.52 


1.92 


1.38 


July 


97.87 


3.07 


2.91 


2.48 


1.89 


1.38 


Aug. 


98.13 


3.06 


2.91 


2.48 


1.88 


1.37 


Sept. 


98.25 


3.05 


2.92 


2.49 


1.88 


1.37 



YIELDS OF DOMINION GOVERNMENT BONDS : 1938-45 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



14% 



2.0% 



26% 



32% 



J*'° MJSDMJSOMJSOMJSOMJSDMJSDMJSO 

1938 1939 1940 1941 1942 1943 1944 

1. Prior to 1940 figures are for 1st of month only. 2. Prior to 1940 figures are average of month. 



14% 




26% 



32% 



1945 



AUG. - SEPT. 1945 



66 



III— SECURITY PRICES 

Bank of Canada 





Government Bonds 

Middle of the market quotations 


3 Mon 


th Treasury Bills 








Average ol 


Business Days 




Tender Rat 


: Nearest 15 th of Month 




Canada"' 


U. ] 


K.< 2 > 


U.S.A. «> 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1944 


100.01 


3.00 


100.08 


2.99 


100.18 


2.49 


.385 


1.004 


.375 


Monthly 

1944— Mar. 


99.91 


3.01 


100.11 


2.99 


100.19 


2.49 


.387 


.999 


.375 


Apr. 


99.88 


3.01 


100.00 


3.00 


100.19 


2.49 


.389 


1.011 


.375 


May 


99.92 


3.01 


100.24 


2.98 


100.09 


2.49 


.389 


1.000 


.375 


June 


100.00 


3.00 


99.99 


3.00 


100.03 


2.50 


.385 


1.002 


.375 


July 


100.00 


3.00 


99.84 


3.01 


100.13 


2.49 


.380 


1.002 


.374 


Aug. 


100.12 


2.99 


99.96 


3.00 


100.28 


2.48 


.383 


1.002 


.375 


Sept. 


100.13 


2.99 


100.33 


2.97 


100.38 


2.48 


.380 


1.010 


.375 


Oct. 


100.13 


2.99 


100.33 


2.97 


100.22 


2.49 


.380 


1.001 


.376 


Nov. 


100.13 


2.99 


100.23 


2.98 


100.22 


2.49 


.380 


1.002 


.375 


Dec. 


100.21 


2.98 


100.01 


3.00 


100.31 


2.48 


.372 


1.004 


.375 


1945— Jan. 


100.30 


2.97 


99.98 


3.00 


100.97 


2.44 


.371 


1.006 


.375 


Feb. 


100.44 


2.95 


100.42 


2.96 


101.81 


2.38 


.371 


1.000 


.375 


Mar. 


100.61 


2.93 


100.86 


2.93 


101.47 


2.40 


.365 


999 


.375 


Apr. 


100.63 


2.93 


100.74 


2.94 


101.47 


2.40 


.365 


1.009 


.375 


May 


100.67 


2.93 


100.44 


2.96 


101.59 


2.39 


.367 


1.000 


.375 


June 


101.27 


2.86 


100.31 


2.97 


102.22 


2.35 


.363 


1.001 


.375 


July 


101.82 


2.80 


100.26 


2.98 


102.47 


2.33 


.363 


.999 


.375 


Aug. 


101.86 


2.79 


100.23 


2.98 


102.26 


2.35 


.363 


.999 


.375 


Sept. 


101.78 


2.80 


100.56 (4) 


2.95 (i) 


102.03 


2.36 


.361 


1.010 


.375 



(1) Dominion of Canada 3% due Jan. 1, 1956-59. (2) United Kingdom 3% due Apr. 15, 1959-69. 
eligible for commercial banks before Dec. 1. 1952. (4) Sept. 1-24. 



(3) U.S. Treasury 2H% Dec. 15. 1963-68 is not 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1944-45 

Daily Opening Quotations 



2.3% 



2.4% 




2.5% 



30% 



JULY AUG SEPT OCT. NOV. DEC JAN. TEB. MAR. APR. MAY JUNE JULY AUG. SEPT 

I944 I945 

♦Security is not eligible for commercial banks before Dec. 1, 1952. 



31% 



67 



Millions of Dollars 



AUG. - SEPT. 194 
IV— GOVERNMENT REVENUE AT 

Dominion-Provincial Confe 



Fiscal Year Nearest to Calendar Year 



1930 



Federal 



Provincial 



CURRENT REVENUE 2 ' 

A. AMOUNTS COLLECTED FROM THE PUBLIC (excludes amounts received from other 

govern merits) <3) 

Taxes on Income of Individuals 

Taxes on Corporation Profits 

Other Corporation Taxes 

Revenue from Public Domain 

Succession Duties 



Withholding Tax on Dividends, Interest, etc 

Liquor Revenue (excise duties and taxes and profit on sales) . 
Tobacco Revenue (excise duties and special provincial taxes). 

Gasoline Taxes 

Motor Vehicle Licences 



Taxes on Real Property 

Import Duties and Taxes 

Sales Taxes 

Amusement Taxes 

Miscellaneous Taxes 

Licences, Permits and Fees (ex motor vehicles) 
Other Revenue 



Total Revenue Collected from the Public. 



B. Amounts' 6 ' received from (or Paid to) other governments for 

GENERAL ") PURPOSES 

Federal Subsidies to Provinces 

Federal Interim Grants to Provinces 

Transfers Under Federal- Provincial Tax Agreements 

Gasoline Tax Guarantees 

Provincial Subsidies to Municipalities 

Total Current Revenue 



26.6 

44.5 

1.5 

1.8 



22.4 
42.4 



300.1 



2.1 

2.6 

14.0 

18.5 

20.7 

32.6 

23.5 

19.7 

6.0 



131.2 


- 


20.2 


- 


- 


4.5 


7.9 


1.8 


3.7 


8.6 


12.1 


3.2 


314.3 


157.8 


12.6 


12.6 


1.6 


1.6 



.1 



171.9 



CURRENT EXPENDITURES 21 

C. PAYMENTS TO THE PUBLIC (excludes payments to other governments hut includes 
payments out of funds received from other governments) 

War and National Defence 

Veterans' Pensions and After Care 



Education 

Public Welfare General 

— Old Age Pensions. 

—Relief 



Transportation (highways, streets, bridges, waterways, railways, airways, etc.) 

Public I )omain 

Agriculture 

Other (ex debt service) 

Net Debt Service' 9 ' (ex debt repayment) 



Total Payments to the Public. 



23.6 
55.2 

3.0 

5.3 

1.4 

66.2 

16.7 
9.9 

64.8 

111.7 



357. S 



D. Amounts 6 ' paid to <or Received from) other governments for 

SPECIFIC PURPOSES 

Education 

Public Welfare 



General 

Old Age Pensions 

Relief 



Transportation 

I'ulilic Domain . 
Agriculture. . . . 
Other 



Total Current Expenditure (ex. dct>t repayment) 



.4 

.3 

5.7 

3.1 



1.7 



369.0 



17.6 

2S.6 

11.2 

3.0 

27.5 
14.5 

6.9 

31.5 

2S. 2 



169.0 



Ki.it 
3.2 
7.0 

1.7 

5.9 



1.4 



181.9 



(1) Includes school corporations. (2! Revenue and expenditure of public utilities, such as post office, railways, teleph 

air excluded but their surpluses or deficits are Included where these have been taken into governmental accounts Sales of com mod 

such institutions as hospitals have been i xcluded from revenue and deducted from tl ding items ol expenditures. Interest revenue from in\ 

has been similarly treated. (.*) Amounts colli cod through another government acting as at;cnt are treated as "Collected from the Publ:. 

municipalities levy business and other taxes on corporations but such amounts arc not separable. 



I AUG. - SEPT. 1945 



68 



HDITURE : CONSOLIDATED TABLE 

e ,istruction and Bank of Canada 

.- 



1937 


Federal 


Provincial 


Municipal 1 " 


TOTAL 


40.4 


11.8 


2.7 


54.9 


69.8 


8.7 


.5 


79.0 


2.0 


21.1 


(4) 


23.1 


.6 


25.4 


- 


26.0 


- 


36.7 


- 


36.7 


10.2 


— 


- 


10.2 


19.5 


29.7 


- 


49.2 


34.2 


- 


- 


34.2 


- 


38.8 


- 


38.8 


- 


26.5 


- 


26.5 


- 


5.5 


236.0 


241.5 


112.6 


- 


- 


112.6 


138.0 


1.9 


4.4 


144.3 


• - 


2.8 


.6 


3.4 


22.4 


2.9 


20.5 


45.8 


2.6 


8.6 


6.5 


17.7 


8.2 


2.3 


31.8 


42.3 


460.5 


222.7 ' 


303.0 


986.2 


13.7 


13.7 




7.5 


8.1 


— 


.6 (8) 


— 


3.0 


3.0 


— 


439.3 


241.5 


306.0 


986.8 


32.6 






32.6 


52.9 


- 


- 


52.9 


2.1 


17.9 


93.2 


113.2 


5.3 


39.0 


28.8 


73.1 


- 


38.4 


- 


38.4 


1.2 


54.9 


76.3 


132.4 


31.5 


22.6 


27.5 


81.6 


10.4 


14.3 


- 


24.7 


12.3 


7.1 


- 


19.4 


52.8 


33.3 


76.9 


163.0 


164.1 


54.0 

281.5 


53.3 


271.4 


365.2 


356.0 


1,002.7 


.5 


15.1 


15.6 


.1 


4.0 


3.9 


- 


28.6 


28.7 


.1 


- 


50.8 


5.5 


56.3 


- 


- 


3.6 


3.6 


- 


.1 


.1 


_ 


_ 


.7 


.8 


.1 


- 


446.0 


272.1 


284.6 


1,002.7 



Federal 



813.4 (5) 

780.1 <5) 

7.0 

1.0 

15.0 

26.9 

64.5 

140.2 

24.9 



288.1 
304.9 

13.7 

113.1 

4.9 

79.7 

2,677.4 



14.4 

83.7 
11.8 



2,567.5 



4,422.8 (10, 
65.5 (ll) 

2.1 
23.3 



23. S 

8.0 

44.7 

60.1 
224.3 

4,874.6 



.3 

1.4 

32.2 (ll) 



.7 



4,909.2 



1943 



Provincial 



1.1 

.4 

.2 

33.2 

24.4 

65.0 

4.5 

45.6 

30.5 

7.9 

17.5 
4.3 
3.8 
9.6 

4.1 



252.1 



14.4 

81.9 

12.7 

3.5 



357.6 



24.5 
53.5 

47.5 (,,) 
1.4 

35.0 
16.5 
13.0 

36.9 
60.4 

288.7 



24.6 

4.8 
32.5™ 

2.3 

6.4 



Municipal' 1 ' 



.3 

(4) 



258.4 

8.1 

.8 

24.2 

7.7 
39.8 



339.3 



3.9 
3.5 



346.7 



/./ 



283.6 



117.7 
32.6 

4.9 
38.7 



90.3 
41.0 



325.2 



24.9 

3.4 

.3 

2.3 

6.4 



295.7 



TOTAL 



814.5 5 ' 

780.8 (5) 

7.2 

34.2 

39.4 

26.9 

129.5 

144.7 

70.5 

30.5 

266.3 
288.1 
330.5 

18.8 
141.1 

22.2 
123.6 

3,268.8 



2.1 8 

.9 <8 > 



3,271.8 



4,422.8 
65.5 



144 

109 

47 

6 

97 
24 
57 

187 
325 



5,488.5 



5,488.5 



(5) Includes estimated portion refundable after the war as follows: individuals approximately 140; corporations, approximately 75. (6) Amounts are "net", 
(i.e.) where a government both receives and pays sums only the net result is shown. (7) Excludes grants for specific purposes such as those for education, 
highways, etc. such amounts being shown under item D. (8) The discrepancies between receipts and payments are due to differences in fiscal periods. (9) After 
deducting interest revenue from investments. (10) Excludes 17.4 of expenditure charged to War Appropriation of which 14.4 is here included under "Veterans 
Pensions and After Care" and 3.0 under "Old Age Pensions". Includes certain minor expenditures made through provincial agencies. (11) See footnote 10. 



69 



AUG. - SEPT. 19 



Par Values in 


Millions of Canadian Dollars 






I-Dominion Direct & Guaranteed 




and Other C.N.R. 








Net New 




New Issues 


Retirements 


Issues or 
Retirements 


Calendar Years 








1942 


2,072.7 


534.4 


1,538.3 


1943 


3,047.8 


590.2 


2,457.6 


1944 


3,122.1 


497.5 


2,624.5 


Nine Months 








1942 


1,062.8 


462.0 


600.7 


1943 


1,461.9 


344.2 


1,117.7 


1944 


1,449.4 


280.3 


1,169.2 


1945 


1,607.1 


28.1 


1,579.0 


Quarters 








1945— I 


14.5 


7.9 


6.5 


II 


1,581.5 


9.5 


1,572.0 


III 


11.1 


10.7 


.4 



V— BOND ISSUES AND RETIREMENTS 

Ba?ik of Canada 



II-Provincial Direct and Guaranteed 



New Issues 



New 



13.8 
47.3 
12.6 

9.2 
42.8 

7.6 
33.7 

2.2 
12.6 

18.9 



Refunding 



129.6 
101.1 

88.8 (2) 

100.4 

101.1 

59.7 

76.7 

47.1 
29.6 



RETIREMENTS 



Refunded 



133.0 

106.3 

86.9 

60.3 
98.8 
63.9 
65.7 

6.8 
21.3 
37.6 



Other 



44.9 
55.1 
71.9 

32.0 
46.1 
59.2 
45.0 

10.3 
17.5 
17.2 



Net New 

Issues or 

Retirement 



34.6 
13.0 
57.4 

17.3 
1.0 

55.8 
.3 

32.2 

26.2 
6.3 





III-CORPORATIONS 




New 1 


ssues 


Retirements 


Net New 

Issues or 
Retirements 




New 


Refunding 


Refunded 


Others 


Calendar Years 












1942 


7.9 


39.1 


41.7 


81.1 


75.9 


1943 


21.8 


39.1 


39.1 


83.8 


62.0 


1944 


47.0 


95.5 


95. 5°' 


83.3 


36.2 


Nine Months 












1942 


7.3 


35.4 


38.1 


67.9 


63.3 


1943 


16.9 


37. 8 


37.7 


63.9 


46.9 


1944 


33.2 


73.3 


73.3 


54.5 


21.4 


1945 


46.4 


102.8 


105.1 


63.1 


19.0 


Quarters 












1945— I 


7.2 


81.3 


43.1 


12.8 


32.6 


II 


7.1 


10.4 


43.2 


38.9 


64.5 


III 


32.1 


11.0 


18.8 


11 .5 


12.9 



I+II+I1I 



Net New 

Issues or 

Retirements 



1,427.8 



2,382, 
2,530, 

554, 
1,069 
1,092 



1,559.7 

71.4 

1,481.3 
7.0 



IV— Dominion Treasury Bills, 
Deposit Certificates and Shor 
Term Issues Sold Directly to Ikr 
of Canada and Chartered Bani 



Net New 

Issues or 

Retirements 



633 
535 

248 

703 
560 
296 
215 

55 
160 



Total 

Outstanding 

at End of Period 



1 ,708 

2,243 
2,491 



1.77s 
2,268 

2,539 
2,276 

2.436 
2,436 
2,276 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT 



(i) 



DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
..,.„. , _ ,. _ ,, * AND CORPORATION BONDS 

Par 1 alues in Millions of Canadian Dollars 





NEW ISSUES were payable 1 


„: 


RETIREMENTS were payable in: 




Net Increase or 
iVef Decrease 


















In Bonds 

Ing P. i\ 


utstand 




















Canada, 






able: 




Canada 


New York 


Canada & 




Total 


Canada 


A ew York 


Canada & 


New York 




Total 








only 


only 


New York 






only 


only 


New York 


& London 






only 


Abroad 


Calendar Years 




























1942 


2,231.9 


30.1 


.6 


.4 


2,263.0 


407.3 


12.6 


49.3 


97.5 


268.6 


835.2 


1,824.6 


396.9 


1943 


3,113.2 


14:;.:; 


2 


.4 


3,257.1 


522.0 


259.6 


52.3 


21.8 


18.7 


874.4 


2,591.2 


208.6 


1944 


3,266.2 


83.8 


15.1 


.9 


3,366.1 


619.6 


27.2 


67.0 


102.1 


19.3 


835.2 


2,646.6 


115.7 


Nine Months 




























1942 


1,187.7 


26.5 


.6 


.3 


1,215.2 


293.7 


6.8 


22. S 


79.7 


257.5 


660.4 


894.1 


339.3 


1943 


1,516.7 


14:5.3 


2 


.3 


1,660.5 


253.3 


256.8 


49.2 


16.8 


14.7 


590.8 


1,263.4 


193.7 


194 1 


L ,537.1 


75.9 


9.4 


.9 


1,623.3 


351.4 


IS 


59.1 


93.5 


8.6 


531.3 


1,185.6 


93.6 


1945 


1,790.6 


31.9 


44.2 


- 


1,866.7 


144.7 


26.4 


31.2 


9& . i 


6.4 


301.0 


1,645.8 


86.2 


Quarters 




























1945- 1 


81.1 


26.9 


44.2 


- 


152.3 


41 .6 


2.1 


2.2 


U.I 


.9 


80.9 


39.5 


31.8 


II 


1,611.7 


- 


- 


- 


1,611.7 


?9.9 


,.3 


25.0 


60.6 


1.4 


130.4 


1,571.8 


90.4 


III 


97.7 


5.0 


— 


— 


102.7 


63.2 


20.9 


4.0 


i.6 


4.0 


95.7 


34.5 


27.6 



* Issues payable in Foreign Currency are included at the par of exchange up to Sept. 15. 19.59. but thereafter conversion is made on the basis of the official rati 
of the Foreign Exchange Control Board. (1) Subject to revision. War Savings Certificates are included. Provincial Treasury Bills are excluded. Dominio 
Treasury Bills, Deposit Certificates and short-term issues sold directly to Bank of Canada and the chartered banks are not included in Heading I but are show; 
separately in Heading IV. Because of lack of sufficient data no tabulation of retirements by municipalities and religious institutions was possible. However, th 
net reduction of total municipal bonded debt less sinking lands has been (in millions of dollars) approximately 46. 56. 47 and 26. respectively in the years 194 
to 1944. (2) The $2.? mm. Province of Quebec issue delivered in January 1945 and made to refund maturities which fell due in 1°44 is treated as having beei 
sold in the last quarter of 1944. (3) Bonds amounting to $13.6 mm. which were called in January 1945 and refunded by issues sold in the last quarter of IS 
are shown as having been retired in December 1944. 



\UG. - SEPT. 1945 



70 



VI— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 

Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 


Gold 


Nickel 


Steel 


News- 
print 
(i) 


Central 
Electric 

Stations* 2 ' 


Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Annual Totals 1 *' 

1926 


1,754 


33 


869 


1,889 


9,354 


110 


3,253 


_ 


65.1 


_ 


1929 


1,928 


55 


1,544 


2,727 


13,897 


129 


3,533 


140.5 


77.8 


- 


1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,176 


.93.1 


57.2 


- 


1939 


5,094 


113 


1,551 


2,869 


19,405 


67 


2,549 


103.6 


' 74.5 


— 


1940 


5,311 


123 


2,256 


3,419 


22,522 


68 


2,827 


116.2 


81.2 


- 


1941 


5,345 


141 


2,701 


3,426 


27,724 


92 


3,204 


133.8 


99.6 


- 


1942 


4,841 


143 


3,121 


3,177 


32,506 


79 


3,387 


149.7 


113.6 


128.3 


1943 


3,651 


144 


2,997 


2,983 


35,719 


79 


3,454 


150.8 


120.4 


144.9 


1944 


2,923 


137 


3,024 


2,992 


35,151 


131 


3,651 


165.7 


119.8 


148.2 


12-Months Ending 

Aug. 1945 


2,697* 


136* 


3,080 


3,106 


33,085 


168 


3,632 


176.4 


117.5 


146.5 


Monthly 

1944— Apr. 


245.6 


11.6 


260.8 


236.4 


2,896 


13.9 


284.2 


174.0 


118.1 


148.6 


May 


257.6 


12.0 


263.4 


262.5 


3,023 


16.7 


318.0 


160.0 


116.5 


146.2 


June 


240.7 


10.2 


24 0.N 


246.9 


2,833 


21.7 


315.2 


143.2 


118.1 


146.0 


July 


230.4 


11.7 


243.4 


244.4 


2,789 


17.7 


297.4 


157.0 


120.0 


148.1 


Aug. 


237.6 


11.9 


246. S 


262.7 


2,829 


8.9 


316.9 


165.3 


120.7 


148.4 


1945— Apr. 


223.7 


10.8 


274.2 


245.4 


2,766 


16.6 


291.9 


171.7 


115.8 


144.1 


May 


217.6 


11.7 


267.6 


264.5 


2,819 


24.4 


310.1 


157.3 


114.9 


145.4 


June 


212.2 


11.3 


257.1 


266.4 


2,675 


32.1 


321.5 


160.6 


114.8 


143.3 


July 


210.2 


11.9 


229 2 


270.6 


2,592 


23.2 


305.6 


178.8 


114.9 


144.5 


Aug. 






224.9 


2X7.0 


2,(500 


20.2 


313.8 


184.6 


114.6 


143.2 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. 
Department Store Sales. Employment and Payrolls Indexes. * 12-Months ending July. 1945. 



(3) First of month. (4) Average of months in case of 



CANADA 

Dominion Bureau of Statistics 



VII— WHOLESALE PRICES 

Index 1926 = 100 
U.K. 

Board of Trade (l) 



U.S.A. 

Bureau of Labor Statistics 





Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


88.8 


90.0 


1942 


82.5 


90.1 


98.1 


91.9 


95.6 


1943 


95.9 


99.1 


102.4 


93.1 


100.0 


1944 


102.9 


104.0 


101.4 


93.6 


102.5 


Monthly 












1944-Aug. 


101.2 


103.6 


100.8 


93.5 


102.3 


Sept. 


101.1 


103.4 


100.7 


93.6 


102.3 


Oct. 


102.9 


103.5 


100.8 


93.6 


102.3 


Nov. 


103.1 


103.5 


100.8 


93.7 


102.4 


Dec. 


103.3 


103.6 


100.7 


93.7 


102.5 


1945-Jan. 


104.4 


104.3 


101.5 


93.8 


102.8 


Feb. 


104.6 


104.5 


101.7 


93.8 


102.9 


Mar. 


105.1 


104.7 


101.9 


93.7 


103.0 


Apr. 


105.3 


104.7 


102.0 


94.2 


103.4 


May 


104.6 


105.0 


103.0 


93.8 


103.0 


June 


105.7 


105.8 


104.0 


93.7 


103.2 


July 


107.8 


107.3 


106.2 


93. S 


104.0 


Aug. 


105.8 


106.1 


104.9 


93.8 


103.4 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


108.5 


110.2 


119.5 


123.1 


128.8 


128.6 


130.8 


131.4 


129.1 


134.1 


129.9 


135.2 


128.3 


134.8 


127.5 


134.5 


127.5 


134.7 


128.1 


134.9 


127.9 


134.9 


128.0 


134.9 


127.9 


135.4 


127.6 


135.3 


127.6 


135.9 


130.6 


137.2 


131.7 


137.8 


131.2 


137.6 



Farm 


Raw 








Products 


Materials 


Foods 


factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


122.6 


112.1 


106.8 


100.2 


103.2 


123.5 


113.3 


105.0 


100.8 


104.0 


122.6 


112.7 


104.8 


100.9 


103.9 


122.7 


112.8 


104.2 


100.9 


104.0 


123.4 


113.2 


104.2 


101.0 


104.1 


124.4 


113.8 


105.1 


101.1 


104.4 


125.5 


114.6 


105.5 


101.1 


104.7 


126.2 


115.1 


104.7 


101.3 


104.9 


127.0 


115.6 


104.7 


101.5 


105.2 


127.2 


115.7 


104.6 


101.6 


105.3 


129.0 


116.8 


105.8 


101.8 


105.7 


129.9 


117.7 


107.0 


101.8 


106.0 


130.4 


118.2 


107.5 


101.8 


106.1 


129.0 


117.5 


106.9 


101.8 


105.9 


126.9 


116.3 


106.4 


101.8 


105.7 



(1) Adjusted to 1926 = 100 from base 1913 = 100 in 1926-29 and from base 1930=100 in 1930 and thereafter. 
Prices of Finished Products. 



(2) Bureau of Labor Statistics Index of 



71 



AUG. - SEPT. 19- 



Millions of Tons 



VIII— STEAM RAILWAYS 

REVENUE FREIGHT LOADED BY CANADIAN RAILWAY SYSTEMS'" 

Dominion Bureau of Statistics 





Farm Products an 


d Foods 


Forest 

Products 

and 




Non-Metallic M 


inerals 


Manu- 






Grains 


Livestock 


All 


Metals 


Coal 


Petroleum 


All m 


and 


Total 




and their 
Products 


and 
Meats 


Other 


Paper 




and 
Coke 


and 
Gasoline 


Other 


cellaneous 




Calendar Years 






















1926 


19.9 


2.3 


5.7 


19.1 


4.8 


24.3 


2.6 


10.1 


16.5 


105.2 


1929 


18.8 


2.3 


5.4 


19.6 


7.1 


24.4 


4.0 


13.8 


19.9 


115.2 


1932 


16.4 


1.6 


3.8 


8.3 


2.1 


14.4 


2.5 


3.6 


8.1 


60.8 


1937 • 


10.4 


1.8 


5.2 


14.4 


9.0 


17.4 


2.6 


6.1 


15.3 


82.2 


1938 


14.4 


1.5 


4.9 


11.8 


9.6 


15.1 


2.8 


4.3 


11.8 


76.2 


1939 


17.4 


1.6 


4.9 


12.3 


10.5 


17.2 


2.8 


4.4 


13.5 


84.6 


1940 


16.8 


1.7 


5.1 


15.7 


12.4 


19.3 


3.1 


6.7 


17.2 


97.9 


1941 


22.3 


1.9 


5.9 


17.8 


15.3 


21.9 


3.6 


6.6 


21.7 


117.2 


1942 


20.3 


2.2 


7.0 


19.0 


17.1 


25.4 


10.0 


7.0 


26.1 


134.1 


1943 


26.9 


2.4 


7.6 


18.9 


18.6 


27.3 


15.9 


6.6 


28.8 


152.9 


1944 


32.6 


2.9 


8.6 


19.8 


16.0 


25.2 


14.5 


6.5 


28.P 


154.8 


12-Months Ending 






















June— 1945 


31.8 


2.6 


8.8 


19.8 


15.2 


24.4 


12.8 


6.6 


29.7 


151.6 


Monthly 






















1944— Mar. 


2.5 


.3 


.7 


2.0 


1.3 


2.4 


1.4 


.3 


2.6 


13.5 


Apr. 


2.6 


.2 


.6 


1.5 


1.2 


2.0 


1.2 


.4 


2.5 


12.4 


May 


3.1 


.3 


.7 


1.5 


1.5 


1.9 


1.4 


.6 


2.6 


13.6 


June 


3.1 


,2 


.6 


1.6 


1.5 


1.9 


1.2 


.7 


2.4 


13.3 


1945— Mar. 


2.1 


.2 


.8 


2.0 


1.3 


2.2 


1.0 


.4 


3.0 


12.9 


Apr. 


2.3 


.2 


.7 


1.6 


1.3 


1.9 


1.0 


.5 


2.9 


12.4 


May 


3.2 


.2 


.7 


1.6 


1.3 


1.7 


1.2 


.6 


2.6 


13.1 


June 


3.4 


,2 


.6 


1.9 


1.3 


1.8 


1.0 


.8 


2.4 


13.4 



(1) Carried in Canada. (2) Sand and Gravel. Cement. Lime and Plaster, Stone. Slate. Clay, AsphaJt, Salt. 

STEAM RAILWAYS : REVENUE FREIGHT LOADED 
BY CANADIAN RAILWAY SYSTEMS 1 : 1926-45 

MILLIONS OF SHORT TONS 

1751 



MILLIONS OF SHORT TONS 

175 



150 



CALENDAR YEAR TOTALS 



MANUFACTURES ANO 
MISCELLANEOUS 




100 



50 



1927 '28 '29 '30 '31 '32 '33 '34 "35 '36 '37 '38 '39 '40 '41 '42 '43 '44 '45 '46 
t Carried in Canada. * Running 12-month totals in 1942-45. 



AUG. - SEPT. 1945 



Millions of Dollars 



72 



IX— EXTERNAL TRADE 

Compiled from Trade of Canada, Dominion Bureau of Statistics 
1. MERCHANDISE IMPORTS*'") 





TOTAL IMPORTS (Excluding Gold) FROM 


Re-Exports 
Ex-Gold 


Retained 
Imports 
Ex-Gold 






U.K. 

(2) 


Other 
British(3) 


U.S.A. 


Other 
Foreign 


Total 

All 

Countries(2) 


Excess of 
Exports 


Calendar Years 

1937 


147 


89 


490 


82 


809 


15 


794 


382 


1938 


119 


67 


425 


67 


677 


11 


666 


329 


1939 


113 


75 


497 


65 


750 


11 


739 


342 


1940 


137 


106 


744 


70 


1,057 


14 


1,043 


346 


1941 


136 


143 


1,004 


82 


1,366 


19 


1,346 


496 


1942 


117 


114 


1 ,305 


65 


1,600 


22 


1,579 


970 


1943 


100 


104 


1,424 


73 


1,701 


30 


1,671 


1,443 


1944 


94 


110 


1,447 


91 


1,743 


43 


1,699 


1,850 


12-Months Ending 

Aug. 1945 


111 


125 


1,294 


100 


1,630 


51 


1.579 


1,974 


1944— Mar. 


9.0 


9.5 


12 l 3.3 


8.2 


150.0 


7.3 


142.7 


152.8 


Apr. 


7.3 


5.8 


114.4 


8.9 


136.3 


3.8 


132.6 


159.6 


May 


10.9 


11.3 


127.0 


7.7 


156.9 


2.5 


154.4 


223.3 


June 


8.5 


10.9 


122.2 


10.0 


151.5 


2.8 


148.7 


205.3 


July 


5.2 


10.1 


124.0 


8.4 


147.8 


3.1 


144.7 


140.5 


Aug. 


3.6 


6.7 


138.3 


7.8 


156.3 


2.2 


154.2 


112.9 


1945— Mar. 


8.4 


10.3 


105.3 


7.6 


131.6 


5.8 


125.8 


185.6 


Apr. 


10.8 


8.7 


102.7 


10.5 


132.7 


5.8 


, 126.9 


192.3 


May 


10.6 


14.9 


104.8 


9.0 


139.2 


3.5 


135.7 


189.7 


June 


11.4 


11.0 


110.7 


10.9 


144.0 


4.3 


139.7 


187.8 


July 


10.3 


13.4 


103.5 


9.8 


137.0 


3.3 


133.6 


157.1 


Aug. 


8.9 


9.2 


96.8 


11.5 


126.4 


5.6 


120.8 


182.8 



Millions of Dollars 




2. MERCHANDISE EXPORTS**) <" <« 








TOTAL EXPORTS (Excluding Gold) TO 


Net 


Total Exports 




U.K. 


Other 

British^) 


U.S.A. 


Other 

Foreign 


Total 

All 

Countries 


Mon-Monetary 
Gold Exports 


Including Net 

Von - Monetary 

Gold 


Calendar Years 
















1937 


384 


107 


382 


158 


1,031 


145 


1,176 


1938 


334 


103 


261 


137 


835 


161 


996 


1939 


331 


104 


336 


126 


897 


185 


1,081 


1940 


532 


157 


416 


81 


1,186 


203 


1,389 


1941 


702 


300 


573 


63 


1,638 


204 


1,842 


1942 


742 


625 


886 


111 


2,364 


184 


2,548 


1943 


1,033 


558 


1,149 


232 


2,971 


142 


3,113 


1944 


1,235 


494 


1,301 


410 


3,440 


110 


3,550 


12-Months Ending 
















Aug. 1945 


1,116 


577 


1,312 


448 


3,454 


99 


3,553 


1944— Mar. 


110.4 


34.7 


97.4 


40.3 


282.7 


12.9 


295.6 


Apr. 


101.2 


35.9 


120.3 


25.5 


282.9 


9.3 


292.2 


May 


140.2 


51.1 


131.9 


45.2 


368.4 


9.4 


377.7 


June 


127.9 


56.9 


111.2 


47.2 


343 2 


10.9 


354.0 


July 


104.9 


51.3 


98.8 


23.7 


278.7 


6.6 


285.3 


Aug. 


90.2 


43.6 


85.9 


37.3 


257.0 


10.0 


267.1 


1945— Mar. 


108.8 


51.9 


103.3 


37.2 


301.2 


10.2 


311.4 


Apr. 


109.1 


52.6 


109.1 


41.5 


312.3 


6.8 


319.2 


May 


115.6 


42.8 


117.2 


39.6 


315.2 


10.2 


325.4 


June 


94.6 


68.5 


112.3 


47.5 


322.8 


4.7 


327.5 


July 


83.9 


57.3 


102.7 


38.8 


282.7 


8.0 


290.7 


Aug. 


66.6 


72.7 


112.6 


43.0 


295.0 


8.5 


303.5 



* It is important to note that under wartime conditions import and export statistics are not reliable indicators of international payments arising out 
of commodity trade, e.g. goods may be shipped overseas for use of Canadian forces, or may be shipped to destinations other than the country of 
purchase. Estimated payments and receipts arising from visible trade are presented in the Balance of International Payments Statistics on pages 
73-74 of the Aug. -Sept. 1944 issue. (1) For earlier years, see page 31, Feb. -Mar. 1945 issue. 

(2) In the case of imports from the United Kingdon, does not include articles imported for the use of the armed forces of the United Kingdom, nor 
articles admitted free under Order in Council. 

(3) Includes Egypt. 

(4) In the case of wheat, export clearance figures are based on Board of Grain Commissioners rather than Customs data up to Dec. 1941. After that 
date (owing to lack of available data) customs figures are used. 



73 



AUG. - SEPT. 19< 



Millions of Bushels 



X— CANADIAN WHEAT : STATISTICAL POSITION 

Compiled from Grain Trade of Canada and the Monthly Review of the Wheat Situation 







Supplies 


Beginning of Period 






Available 






CROP YEAR 
Beginning 
August 1 


Grain 

in 
Canada 


Canadian 

Grain in 

U.S.A. 

Ports 


Total 
Carry- 
over 


Crop 


Total 
Supplies 


Apparent 
Domestic 
Dis- 
appearance 


for 

Export 
and 

Carry- 
over 


Exports 
of Wheal 

and 
Flour™ 


End of 
Period 
Stocks 


1927/28 


51 


5 


56 


480 


535 


120 


415 


324 


91 


1928/29 


78 


14 


91 


567 


658 


132 


525 


398 


127 


1929/30 


104 


23 


127 


305 


432 


112 


320 


193 


127 


1930/31 


111 


16 


127 


421 


547 


139 


408 


269 


139 


1931/32 


133 


6 


139 


321 


460 


117 


343 


207 


136 


1932/33 


130 


6 


136 


443 


579 


99 


480 


263 


218 


1933/34 


210 


8 


218 


282 


500 


104 


395 


193 


203 


1934/35 


193 


10 


203 


276 


479 


101 


378 


164 


214 


1935/36 


202 


12 


214 


282 


496 


122 


374 


247 


127 


1936/37 


108 


19 


127 


219 


347 


99 


247 


210 


37 


1937/38 


33 


4 


37 


180 


217 


97 w 


121 


96 


25 


1938/39 


24 


1 


25 


360 


385 


122 


263 


160 


103 


1939/40 


95 


8 


103 


521 


624 


130 


493 


193 


300 


1940/41 


273 


28 


300 


540 


841 


129 


711 


231 


480 


1941/42 


448 


32 


480 


315 


795 


145 


650 


226 


424 


1942/43 


405 


19 


424 


557 


980 


171 


809 


215 


595 


1943/44 


579 


15 


595 


284 


879 


180 


699 


344 


357 


1944/45 


338 


18 


357 


436"' 


792 


184 am 


608 <J > 


350 w 


258 


1945/46 


238 


20 


258 


321 (5) 


580 











(1) Canadian Customs figures adjusted for changes in stocks of Canadian wheat in U.S.A. Lake and Seaboard Ports until 1935/36. after that year Board 
of Grain Commissioners' clearances. (2) Exclusive of consumption of 5.7 mm. bushels imported from the United States. (3) Preliminary. (4) Residual 
difference between total supply, exports and end of period stocks. (5) First estimate. 

WHEAT : ACREAGE AND AVERAGE YIELD PER ACRE: 1908 -45 




1906 



1913 



1918 



1923 



1928 



1933 



1938 



1943 



1948 



kUG. - SEPT. 1945 




















74 








XI— GRAINS : ACREAGE AND PRODUCTION : 1938-45 


















Dominion Bureau of Statistics 














WHEAT 


OATS 


BARLEY 


RYE 


FLAXSEED 


OTHER GRAINS 


<2) 
SUMMER 


Total 


























FALLOW 




mm. bus. 


mm. acres 


mm. bus. 


mm. acres 


mm. bus. 


mm. acres 


mm. bus. mm. acres 


mm. bus. 


mm. acres 


mm. bus. 


mm. acres 


mm. acres 


mm. acres 


TOTAL CANADA 


1938 


360.0 


25.9 


371.4 


13.0 


102.2 


4.5 


11.0 


.7 


1.3 


.2 


53.9 


1.7 


16.2 


62.3 


1939 


520.6 


26.8 


384.4 


12.8 


103.1 


4.3 


15.3 


1.1 


2.0 


.3 


59.0 


1.7 


16.0 


63.0 


1940 


540.2 


28.7 


380.5 


12.3 


104.3 


4.3 


14.0 


1.0 


3.0 


.4 


56.8 


1.7 


17.3 


65.8 


.1941 


314.8 


21.9 


305.6 


12.3 


110.6 


5.3 


11.7 1.0 


5.8 


1.0 


66.8 


2.1 


23.1 


66.6 


! 1942 


556.7 


21. G 


652.0 


13.8 


259.2 


7.0 


24.7 


1.3 


15.0 


1.5 


88.2 


2.3 


20.0 


67.4 


1943 


284.5 


16.8 


482.0 


15.4 


215.6 


8.4 


7.1 


.6 


17.9 


2.9 


49.7 


2.0 


20.6 


66.8 


1944f 


435.5 


23.3 


499.6 


14.3 


194.7 


7.3 


8.5 


.6 


9.7 


1.3 


74.7 


2.0 


19.4 


68.3 


1945** 


321.4 


23.4 


388.3 


14.4 


161.1 


7.4 


6.5 


.5 


7.4 


1.1 


61.6 


2.0 


19.2 


67.9 


MANITOBA 


1938 


50.0 


3.2 


41.0 


1.5 


31.0 


1.4 


3.2 


.2 


.3 


_ 


.7 


_ 


2.0 


8.3 


1939 


61.3 


3.2 


34.5 


1.4 


28.0 


1.3 


2.0 


.2 


.4 


.1 


.7 


- 


2.2 


8.4 


1940 


66.4 


3.5 


33.0 


1.3 


27.5 


1.3 


2.3 


.2 


.8 


.1 


.6 


- 


2.2 


8.5 


1941 


51.0 


2.4 


41.7 


1.3 


40.0 


1.5 


2.8 


.2 


1.1 


.2 


3.0 


.1 


2.8 


8.5 


1942 


53.0 


1.9 


70.0 


1.5 


74.0 


2.0 


3.6 


.2 


2.0 


.2 


2.3 


.1 


2.4 


8.3 


1943 


39.0 


1.6 


63.0 


1.6 


68.0 


2.3 


.8 


.1 


2.8 


.3 


2.2 


.1 


2.3 


8.4 


1944 f 


54.9 


2.5 


61.0 


1.6 


54.7 


2.1 


.6 


- 


1.8 


.2 


1.9 


.1 


1.8 


8.4 


1945** 


45.0 


2.1 


56.0 


1.7 


56.0 


2.1 


.4 


— 


2.6 


.3 


1.5 


.1 


1.9 


8.2 


SASKATCHEWAN 


1938 


137.8 


13.8 


90.0 


4.2 


20.0 


1.2 


3.4 


.3 


.7 


.1 


.4 


_ 


9.8 


29.4 


1939 


271.3 


14.2 


112.0 


4.1 


26.0 


1.1 


9.3 


.6 


1.3 


.2 


.7 


- 


9.2 


29.6 


1940 


266.7 


15.6 


93.0 


3.9 


23.5 


1.3 


7.0 


.6 


1.7 


.2 


.5 


— 


10.2 


31.8 


1941 


147.0 


12.2 


72.5 


4.0 


26.7 


1.7 


5.3 


.5 


3.7 


.7 


.5 


- 


13.8 


33.0 


1942 


305.0 


12.4 


255.0 


4.9 


92.0 


2.5 


15.0 


.8 


10.5 


1.1 


2.5 


.1 


11.7 


33.4 


1943 


146.0 


9.6 


200.0 


6.5 


80.0 


3.3 


3.8 


.3 


11.5 


2.1 


1.9 


.1 


12.0 


33.9 


|944t 


250.0 


13.2 


198.0 


5.6 


72.0 


2.7 


4.8 


.4 


6.4 


.9 


3.8 


.1 


11.6 


34.6 


1945** 


167.0 


13.6 


143.0 


5.7 


54.0 


2.7 


3.0 


.3 


3.7 


.7 


1.3 


.1 


11.3 


34.2 















ALBERTA 
















1938 


148.2 


8.0 


101.0 


2.9 


29.2 


1.1 


2.7 


.2 


.2 


_ 


.5 





4.4 


16.6 


1939 


161.4 


8.4 


85.0 


2.7 


27.0 


1.1 


2.4 


.2 


.3 


- 


.6 


- 


4.6 


17.0 


1940 


180.7 


8.7 


103.0 


2.6 


32.0 


1.1 


3.0 


.2 


.4 


- 


.8 


— 


4.9 


17.6 


1941 


98.0 


6.5 


63.8 


2.8 


28.0 


1.5 


1.9 


.2 


.8 


.1 


.9 


.1 


6.5 


17.7 


1942 


171.0 


6.4 


175.0 


3.3 


75.0 


1.9 


4.4 


.2 


2.2 


.2 


2.7 


.1 


5.9 


17.9 


1943 


82.8 


4.8 


129.0 


3.7 


56.0 


2.2 


1.2 


.1 


3.3 


.6 


2.2 


.1 


6.3 


17.8 


1944f 


105.7 


6.7 


111.8 


3.2 


51.7 


1.9 


1.7 


.1 


1.2 


.2 


1.6 


.1 


6.0 


18.2 


1945** 


85.0 


6.8 


80.0 


3.3 


37.0 


2.0 


1.6 


.1 


.8 


.1 


1.4 


.1 


6.1 


18.6 















OTHER 


PROVINCES 














1938 


24.0 


1.0 


139.3 


4.5 


22.0 


.8 


1.6 


.1 


./ 





52.3 


1.6 


* 


8.0 


1939 


26.6 


.9 


152.9 


4.6 


22.1 


.7 


1.6 


.1 


.1 


— 


57.0 


1.6 


* 


8.0 


1940 


26.4 


1.0 


151.5 


4.5 


21.3 


.7 


1.7 


.1 


.2 


— 


54.9 


1.6 


* 


7.9 


1941 


18.8 


.7 


127.6 


4.1 


15.9 


.6 


1.7 


.1 


.1 


- 


62.4 


1.9 


* 


7.5 


1942 


27.7 


.9 


152.0 


4.1 


18.2 


.6 


1.7 


.1 


.3 


_ 


80.8 


2.0 


* 


7.7 


1943 


16.7 


.8 


90.0 


3.6 


11.6 


.5 


1.3 


.1 


.3 


— 


43.4 


1.7 


* 


6.7 


1944f 


24.9 


.8 


128.8 


3.9 


16.3 


.5 


1.4 


.1 


.3 


- 


67.4 


1.8 


* 


7.1 


1945** 


24.4 


.8 


109.3 


3.6 


14.1 


.5 


1.5 


.1 


.3 


— 


57.4 


1.8 


* 


6.8 



(1) Buckwheat, mixed grains and shelled corn. (2) Prairie Provinces only, f Preliminary. ** Estimate. * Not available. 



TATISTICAL SUMMARY 



BANK OF CANADA 



IV 

V 

VI 



VII 



VIII 



IX 



Tables 

Bank of Canada : 

Assets and Liabilities 



Charts 



II Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 
Cash in Canada and Canadian Deposits 

Canadian Deposits 

Canadian Deposits, Loans and Dom.-Prov. Securities 



Pages 

75- 76 

77- 78 
75 
76 
77 
78 



III Security Prices: 

Govt. Securities, Payable in Canada only 79 

Yields of Dom. Govt. Bonds, Payable in Canada only ... 79 

Govt. Securities, Canada, U.K. and U.S. A 80 

Yields of Govt. Bonds, Canada, U.K. and U.S. A 80 

Business Activity 81 

Wholesale Prices 81 

Federal Government: 

Distribution of Direct Funded Debt 82 

Percentage Distribution of Direct Funded Debt 82 

Cash Requirements 83 

Sources of Financing 84 

Municipalities: 

Current Revenue and Expenditure 85 

Outstanding Debt 86 

Canadian Balance of International Payments: 

Current Account 87-88 

Current and Capital Account 89-90 

Financial Statistics for 686 Companies: 

Profits 91 

Source and Use of Funds and Balance Sheet 92 

Index for 1945 93-100 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



OCT.- NOV. 194o 

AND 

INDEX 1945 



75 



Millions of Dollars 



OCT. - NOV. 194| 

I-HN 





LIABILITIES 

1 




Chartered Bank Cash 


Govt. 
Deposits 


Other a) 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


T a 
Aats 

LiaHt 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 


















Month-end Figures 
















2) 


1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


50.1 


6.6 


1936-12 Mths. 


38.3 


186.8 


225.1 


20.3 


.9 


66.9 


9.2 


32 


1937 


46.2 


193.7 


239.9 


24.3 


1.1 


94.9 


13.2 


3) 


1938 


51.4 


200.7 


252.1 


21.2 


2.2 


109.7 


12.8 


33 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


129.3 


11.0 


4 J. 


1940 


70.2 


217.2 


287.3 


42.4 


8.5 


206.9 


15.7 


51 


1941 


86.4 


221.9 


308.3 


55.7 


6.7 


320.0 


19.5 


71 


1942 


100.2 


240.2 


340.4 


50.2 


17.2 


472.0 


22.6 


9>. 


1943 


112.4 


300.4 


412.9 


47.6 


22.9 


661.0 


30.3 


1,11. 


1944 


122.2 


404.7 


526.9 


41.2 


54.8 


821.3 


36.7 


1,4) 


End of 


















1944-June 


103.4 


414.7 


518.1 


8.2 


22.0 


817.1 


54.3 


1,41. 


July 


121.9 


414.9 


536.8 


43.0 


22.3 


820.5 


31.9 


1.41. 


Aug. 


127.4 


432.5 


559.9 


53.9 


34.3 


833.0 


37.9 


1,5 J. 


Sept. 


111.9 


454.8 


566.7 


21.9 


33.3 


870.9 


33.8 


1,55 


Oct. 


133.9 


454.3 


588.2 


• 76.9 


32.4 


878.6 


43.8 


1,61. 


1945-June 


121.7 


492.0 


613.6 


43.9 


210.3 


941.5 


32.7 


1,8 J. 


July 


140.2 


441.1 


581.4 


57.5 


212.0 


938.6 


34.4 


1,81. 


Aug. 


127.9 


444.4 


572.3 


32.6 


215.8 


970.0 


63.1 


1,85. 


Sept. 


130.5 


442.9 


573.3 


39.6 


198.5 


982.0 


37.8 


1,81 


Oct. 


155.9 


474.2 


630.1 


51.0 


207.9 


980.7 


45.8 


1,95 



(1) Includes deposits payable in sterling. U.S.A. and foreign gold currencies shown under item S (a) of the Bank of Canada Statement since Nov. 30, 1944. (2, 
the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessarj 



CHARTERED BANK CANADIAN DEPOSITS &. ACTIVE NOTE CIRCULATION : 1941-45 



MILLIONS OF DOLLARS 

7000 



6000 



MILLIONS OF DOLLARS 

7000 



6000 



5000 



4000 




3000 _ 



5000 



4000 



3000 



* Bank of Canada notes in public circulation and chartered bank note circulation, the latter being, since September 1944 an approximate 
figure only. 



OCT. - NOV. 1945 
CANADA 



76 



Millions of Dollars 



ASSETS 




Reserve 


Securities 


Advances 


All 
Other 










Total 


Reserve 


Dom.-Prov. 


Dom.-Prov. 






old 


Silver 


Currencies 


Reserve 


Ratio 
/o 


Under 
2 yrs. 


Over 
2 yrs. 


Total (2) 




Accounts 
























Average of 
Month-end Figures 


1.2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


1935-10 Mths. 


9.8 


1.8 


9.5 


191.1 


60.99 


38.3 


86.9 


125.2 


1.7 


4.5 


1936-12 Mths. 


2.0 


2.5 


19.0 


203.5 


5 6 .50 


59.7 


97.7 


163.9 


- 


5.9 


1937 


1.2 


.8 


27.6 


209.6 


54.42 


123.6 


52.5 


181.1 


1.0 


6.3 


1938 


O.S 


- 


41.7 


252.5 


57.72 


142.8 


46.2 


189.1 


.2 


6.7 


1939 


* 




* 


* 


* 


* 


* 


* 








5.3 


- 


36.1 


111.4 




326.6 


108.4 


435.1 


3.5 


11.0 


1940 




- 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




- 


18.8 


18.8 




791.2 


339.5 


1,130.6 


- 


25.2 


1943 




- 


44.1 


44.1 




831.1 


573.6 


1,407.1 


.4 


29.3 


1944 

End of 




- 


.2 


.2 




803.5 


576.1 


1,379.6 


.5 


39.4 


June-1944 




- 


25.9 


25.9 




801.6 


602.6 


1,404.2 


- 


24.4 


July 




- 


48.7 


48.7 




849.4 


593.8 


1,443.2 


- 


26.9 


Aug. 




- 


45.9 


45.9 




833.1 


625.5 


1,458.6 


- 


22.1 


Sept. 




- 


62.8 


62.8 




875.7 


622.9 


1,508.5 


- 


48.6 


Oct. 




— 


174.4 


174.4 




1,073.8 


559.5 


1,643.3 


- 


24.4 


June-1945 




- 


174.4 


174.4 




1,034.7 


558.3 


1,603.0 


- 


46.5 


July 




- 


176.1 


176.1 




1,031.5 


584.0 


1,625.5 


- 


52.3 


Aug. 




- 


176.1 


176.1 




1,028.9 


591.4 


1,630.3 


- 


24 .9 


Sept. 




— 


176.1 


176.1 




1,109.4 


590.6 


1,709.9 


— 


29.5 


Oct. 



Securities". *May 1940 and subsequent figures give effect to the enactment, under the War Measures Act. ot the Foreign Exchange Acquisition Order and 
8, were sold to the Foreign Exchange Control Board, and the Bank's minimum gold reserve requirement was temporarily discontinued. 



CHARTERED BANKS: CASH IN CANADA* AND CANADIAN DEPOSITS : I94I-4S 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 

7000f 



6000 



5000 



4000 



3000 




DMJ S DMJ S 

1941 1942 

* See note (3) on page 77. 



DMJSDMJSDMJSD 
1943 1944 1945 



■ 



// 



OCT. - NOV. 194 



Millions of Dollars 



II— CJLR1 





LIABILITIES 


- 




Notes 


Deposits 


Cash 
in (j) 
Canada 


Securities i 




Demand 


Notice 


Dom. 
and Prov. 


Canadian 
Deposits 10 


Foreign 


Total (j) 
Deposits 


DOM.-PROV. 


tl 




Under 2 yrs. 


Over 2 yrs. 


Average of 
























Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 




1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


i 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


718 


;( 


1940 


91 


875 


1,647 


227 


2,753 


430 


3,250 


287 


681 


630 


i!( 


1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 


iji 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 


!( 


1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 


1 


1944 


37 


1,864 


2,273 


570 


4,686 


716 


5,531 


527 


1,842 


1,149 


* 


End of 
























1944-June 


37 


1,841 


2,195 


800 


4,824 


791 


5,753 


518 


1,810 


1,172 




July 


36 


1,819 


2,265 


632 


4,700 


738 


5,568 


537 


1,819 


1,186 




Aug. 


36 


1,894 


2,370 


403 


4,656 


723 


5,504 


560 


1,809 


1,184 




Sept. 


35 


1,974 


2,464 


288 


4, 70S 


732 


5,565 


567 


1,874 


1,204 


Oct. 


35 


2,144 


2,489 


323 


4,933 


729 


5,795 


588 


2,020 


1,232 


1945-June 


29 


1,857 


2,646 


1,037 


5,530 


764 


6,431 


614 


2,064 


1,522 


July 


28 


1,935 


2,741 


593 


5,256 


756 


6,141 


581 


1,836 


1,561 


Aug. 


28 


2,026 


2,833 


370 


5,215 


762 


6,113 


572 


1,850 


1,565 


Sept. 


27 


2,092 


2,935 


242 


5,204 


778 


6,167 


573 


1,916 


1,615 




Oct. 


27 


2,297 


2,992 


285 


5,578 


824 


6,522 


630 


2,027 


1,675 





(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and 



CHARTERED BANKS : CANADIAN DEPOSITS : 1941 -45 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



3000 



2500 



2000 



1500 




1000 



DMJSDMJSDMJSDMJSDMJSD 
1941 1942 1943 1944 1945 

* Chiefly Dominion and Provincial Government and Foreign Banks. 



OCT. - NOV. 1945 



78 



) BANKS 

da 



ASSETS 




Loans 


Total 
Assets 


tal 


CANADA 


ABROAD 




Call 


Current 
Public 


Current 
Other 


Call 


Current 


33 


140 


934 


87 


250 


261 


2,864 


99 


267 


1,343 


112 


301 


248 


3,528 


96 


117 


1,032 


165 


84 


172 


2,869 


40 


55 


855 


133 


48 


145 


3,592 


79 


44 


969 


122 


44 


138 


3,707 


27 


34 


1,091 


95 


44 


133 


4,008 


73 


29 


1,075 


80 


56 


127 


4,400 


14 


35 


1 ,053 


62 


81 


102 


5,149 


53 


62 


1,022 


44 


100 


114 


5,990 


58 


71 


1,061 


43 


100 


110 


6,210 


88 


63 


1,024 


38 


101 


110 


6,033 


68 


61 


966 


36 


99 


112 


5,970 


50 


56 


939 


37 


114 


115 


6,043 


22 


56 


954 


38 


112 


117 


6,261 


96 


123 


1,109 


32 


120 


131 


6,895 


D2 


135 


1,046 


34 


111 


129 


6,613 


35 


112 


988 


33 


119 


129 


6,580 


SO 


109 


969 


33 


118 


128 


6,640 


59 


130 


979 


30 


96 


137 


6,992 


ires sii 
kof C 


'en are annu 
anada notes 


al averages of 
in public circu 


estimated m 
lation and c 


onth-end Ca 
lartered ban 


nadian depo 
k note circui 


,its in 1926-35 
ation. the latt( 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 

(4) 


Canadian 
Deposits 


Note (s) 
Circulation 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


269 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


538 


4,575 


11.8 


835 


1944 


547 


4,657 


11.8 


810 


June-1944 


544 


4,672 


11.6 


833 


July 


546 


4,595 


11.9 


852 


Aug. 


573 


4,557 


12.6 


868 


Sept. 


585 


4,764 


12.3 


893 


Oct. 


639 


5,507 


11.6 


934 


June-1945 


598 


5,237 


11.4 


948 


July 


599 


5,172 


11.6 


966 


Aug. 


581 


5,179 


11.2 


983 


Sept. 


604 


5,338 


11.3 


999 


Oct. 



CHARTERED BANKS : CANADIAN DEPOSITS, LOANS &. DOM.-PROV. SECURITIES : 1941 - 45 



MILLIONS Or OOLLARS 



MILLIONS Or OOLLARS 



6000 



5000 



4000- 



3000 



2000 



1000 




6000 



5000 



4000 



3000 



2000 



1000 



79 












OCT. - NOV. 19# 






III— SECURITY PRICES 








Bank of Canada 


. 






Dominion of Canada Bonds Payable in Canada Only 


I 






Middle of the Market quotations 






Average of Business Days 


15th of Each Month 








Theoretical 


Theoretical 


Theoretical 


Theoretical ! 






3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 








Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 




Annual Average 
















1938 


89.67 


3.35 


3.09 


2.76 


1.91 


1.13 




1939 


91.58 


3.28 


3.16 


2.90 


2.13 


1.54 




1940 


88.46 


3.39 


3.28 


2.95 


2.16 


1.48 




1941 


92.23 


3.26 


3.10 


2.92 


2.12 


1.40 




1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 




1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 




1944 


96.79 


3.10 


2.99 


2.69 


2.14 


1.46 




Monthly 
















1944— Nov. 


97.19 


3.09 


2.99 


2.67 


2.10 


1.44 




Dec. 


97.25 


3.08 


2.99 


2.67 


2.08 


1.44 




1945— Jan. 


97.25 


3.08 


2.98 


2.65 


2.06 


1.42 




Feb. 


97.25 


3.08 


2.97 


2.64 


2.05 


1.41 




Mar. 


97.25 


3.08 


2.97 


2.60 


2.01 


1.40 




Apr. 


97.25 


3.08 


2.96 


2.57 


1.97 


1.38 




May 


97.31 


3.08 


2.96 


2.57 


1.97 


1.38 




June 


97.51 


3.08 


2.95 


2.52 


1.92 


1.38 




July 


97.87 


3.07 


2.91 


2.48 


1.89 


1.38 




Aug. 


98.13 


3.06 


2.91 


2.48 


1.88 


1.37 




Sept. 


98.25 


3.05 


2.92 


2.49 


1.88 


1.37 




Oct. 


98.25 


3.05 


2.91 


2.49 


1.88 


1.37 




Nov. 


98.26 


3.05 


2.90 


2.50 


1.80 


1.38 




Yl 


ELDS OF DC 


DMINION GC 


>VERNMENT 


BONDS : 1938-45 





PAYABLE IN CANADA ONLY 
Quotations for 1st and 15lh of each month 




3.8% 



MJSDMJS0MJSDMJSDMJSOMJSDMJS0MJSO 

1938 1939 1940 1941 1942 1943 1944 1945 

1. Prior to 1940 figures are for 1st of month only. 2. Prior to 1940 figures are average of month. 



38% 



OCT. - NOV. 1945 



80 



HI— SECURITY PRICES 

Bank of Canada 





Government Bonds 

Middle of the market quotations 


3 Mon 


th Treasury Bills 








Average o; 


Business Days 




Tender Rate Nearest 15th of Month 




Canada' 1 ' 


U. 


K.<« 


U.S.A.") 


Canada 


U.K 


U S A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1944 


100.01 


3.00 


100.08 


2.99 


100.18 


2.49 


.385 


1.004 


.375 


Monthly 

1944— May 


99.92 


3.01 


100.24 


2.98 


100.09 


2.49 


.389 


1.000 


.375 


June 


100.00 


3.00 


99.99 


3.00 


100.03 


2.50 


.385 . 


1.002 


.375 


July 


100.00 


3.00 


99.84 


3.01 


100.13 


2.49 


.380 


1.002 


.374 


Aug. 


100.12 


2.99 


99.96 


3.00 


100.28 


2.48 


.383 


1.002 


.375 


Sept. 


100.13 


2.99 


100.33 


2.97 


100.38 


2.48 


.380 


1.010 


.375 


Oct. 


100.13 


2.99 


100.33 


2.97 


100.22 


2.49 


.380 


1.001 


.376 


Nov. 


100.13 


2.99 


100.23 


2.98 


100.22 


2.49 


.380 


1.002 


.375 


Dec. 


100.21 


2.98 


100.01 


3.00 


100.31 


2.48 


.372 


1.004 


.375 


1945— Jan. 


100.30 


2.97 


99.98 


3.00 


100.97 


2.44 


.371 


1.006 


.375 


Feb. 


100.44 


2.95 


100.42 


2.96 


101.81 


2.38 


.371 


1.000 


.375 


Mar. 


100. Gl 


2.93 


100.86 


2.93 


101.47 


2.40 


.365 


.999 


.375 


Apr. 


100.63 


2.93 


100.74 


2.94 


101.47 


2.40 


.365 


1.009 


.375 


May 


100.67 


2.93 


100.44 


2.96 


101.59 


2.39 


.367 


1.000 


.375 


June 


101.27 


2.86 


100.31 


2.97 


102.22 


2.35 


.363 


1.001 


.375 


July 


101.82 


2.80 


100.26 


2.98 


102.47 


2.33 


.363 


.999 


.375 


Aug. 


101.86 


2.79 


100.23 


2.98 


102.26 


2.35 


.363 


.999 


.375 


Sept. 


101.78 


2.80 


100.59 


2.95 


102.03 


2.36 


.361 


1.010 


.375 


Oct. 


101.88 


2.79 


100.7S 


2.93 


102.30 


2.34 


.363 


1.000 


.375 


Nov. 


101.99 


2.77 


100.76 


2.93 


102.37 


2.34 


.364 


.50* 


.375 



(1) Dominion of Canada 3% due Jan. 1, 1956-59. 
eligible for commercial banks before Dec. 1, 1952. 



(2) United Kingdom 3% due Apr. 15. 1959-69. (3) U.S. Treasury 2)4% Dec. 15, 1963-68 is not 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1944-45 

Daily Opening Quotations 



2.3% 



2.4% 




JUNE JULY 

I945 



♦Security is not eligible for commercial banks before Dec. 1, 1952. 



81 
































OCT. - 


NOV. 19f 




IV- 


-BUSINESS ACTIVITY 






Dominion Bureau of Statistics 






PRODUCTION 


Res- 
idential 
Con- 




Department 


Employ- 


Aggregat 








Car 


Store Sales 
Index of 


ment 
Index 


Payrolls 
Index i 












Central 










News- 


struction 


Loadings 


Value 


(3) 


(3) 




Gold 


Nickel 


Steel 


print 
in 


Electric 


1 o n t r a p t ^ 
















Stations' 2 


'- vl 1 Ll aLlo 

Awarded 




Seasonally 
adjusted 


Unadjustea 
June 1, 


Unadjusk 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 


*t*i j _ 


June 1, 




Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hr 


3 of Dollars 


I housands 


1935-39=100 


1941 = 100 1941 = H 


Annual Totals' 4 ' 






















1926 


1,754 


33 


869 


1,889 


9,354 


110 


3,253 


- 


65.1 


- 


1929 


1,928 


55 


1,544 


2,727 


13,897 


129 


3,533 


140.5 


77.8 


- 


1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,176 


93.1 


57.2 




1939 


5,094 


113 


1,551 


2,869 


19,405 


67 


2,549 


103.6 


74.5 




1940 


5,311 


123 


2,256 


3,419 


22,522 


68 


2,827 


116.2 


81.2 


- 


1941 


5,345 


141 


2,701 


3,426 


27,724 


92 


3,200 


133.8 


99.6 


- 


1942 


4,841 


143 


3,121 


3,177 • 


32,506 


79 


3,386 


149.7 


113.6 


128.3 1 


1943 


3,651 


144 


2,997 


2,983 


35,719 


79 


3.467 


150.8 


120.4 


144.9 J 


1944 


2,923 


137 


3,024 


2,992 


35,151 


131 


3,661 


165.7 


119.8 


148.21 


12-Months Ending 






















Oct. 1945 


2,645* 


132* 


2,966 


3,185 


32,398 


1S4 


3,034 


180.1 


116.1 


144.6 


Monthly 






















1944— June 


240.7 


10.2 


240.8 


246.9 


2,833 


21.7 


316 


143.2 


118.1 


140.0 


July 


230.4 


11.7 


234.4 


244.4 


2,789 


17.7 


298 


157.0 


120.0 


148.1 1 


Aug. 


237.0 


11.9 


246.8 


262.7 


2,829 


8.9 


318 


165.3 


120.7 


148.4 I 


Sept. 


237.2 


11.4 


2 12.7 


244.2 


2,81 s 


9.4 


317 


179.7 


121.5 


149.6 


Oct. 


230.7 


10.9 


275.5 


258.3 


2,995 


9.3 


331 


171.3 


120.0 


151.0 I 


1945— June 


212.2 


11.3 


257.1 


266.4 


2,675 


32.1 


322 


160.6 


114.8 


143.3 


July 


210.2 


11.9 


229.2 


270.6 


2,592 


23.2 


306 


179.0 


114.9 


144.5 


Aug. 


211.8 


11.0 


224.9 


287.0 


2,600 


20.2 


314 


184.7 


114.6 


143.0 


Sept . 


211.5 


8.3 


198.5 


270.0 


2,481 


19.5 


300 


205.3 


113.2 


141.1 


Oct. 






205.8 


311.0 


2.645 


15.2 


341 


189.4 


110.5 


137.8, 


(1) Source: Newsprir 


t Association of Canada. (2) Total out[ 


ut less exports and secondary power. (3) First of month. (4) Average of mon 


ths in case c 


Department Store Sa 


es. Employment and Payrolls Indexes. * 


12-Months ending Sept., 1945. 






V- 


-WHOLESALE PRICES 

Index 1926 = 100 






CANADA 


U.K. U.S.A. 






Dominion Bureau of Statistics 






Board of Trade ll) 




Bureau of Labor Statistics 






Farm 


Raw 




Manu- 












Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 




Foods 


Total 




Products 


Materials 


Foods 


factures 

(2) 


Total 


Average of Mths. 




























1926 


100.0 


100.0 


100.0 


100.0 


100.0 




100.0 


100.0 




100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 




93.9 


92.1 




104.9 


07.:. 


99.9 


94.5 


95.3 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 




71.S 


69.1 




48.2 


55.1 


61.0 


70.3 


64.8 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 




108.5 


110.2 




67.7 


71.9 


71.3 


81.6 


78.6 


1941 


71.2 


81.8 


89.5 


88.S 


90.0 




119.5 


123.1 




82.4 


83.5 


82.7 


89.1 


87.3 


1942 


82.5 


90.1 


98.1 


91.9 


95.6 




128.8 


128.6 




105.9 


100.6 


99.6 


98.6 


98.8 


1943 


95.9 


99.1 


102.4 


93.1 


100.0 




130. S 


131.4 




122.6 


112.1 


loo. 8 


100.2 


103.2 


1944 


102.9 


104.0 


101.4 


93.6 


102.5 




129.1 


134.1 




123. 5 


113.3 


105.0 


100.8 


104.0 


Monthly 






























1944-Oct. 


102.9 


L03.5 


100.8 


93.6 


102.3 




127.5 


134.5 




123.4 


113.2 


104.2 


101.0 


104.1 


Nov. 


103.1 


103.5 


100.8 


93.7 


102.4 




127.5 


134.7 




124.4 


113.8 


L05.1 


101.1 


104.4 


Dec. 


103.3 


103.6 


100.7 


93.7 


102.5 




128.1 


134.9 




125.5 


114.6 


105.5 


101.1 


104.7 


1945- Jan. 


104.4 


104.3 


101.5 


93.8 


102.8 




127.9 


134.9 




120.2 


1 1 5 . 1 


101.7 


101.3 


104.9 


Feb. 


104.6 


104.5 


101.7 


93.8 


102.9 




12S.0 


134.9 




127.0 


L15.6 


104.7 


101.5 


105.2 


Mar. 


105.1 


104.7 


101.9 


93.7 


103.0 




1:27.9 


135.4 




127.2 


11.".. 7 


101.0 


101.6 


105.3 


Apr. 


105.3 


104.7 


102.0 


94.2 


103.4 




127.6 


135.3 




120.0 


L16.8 


L05.8 


101.8 


105.7 


May 


104. (i 


105.0 


103.0 


93.8 


103.0 




127.6 


135.9 




120.0 


117.7 


107.0 


101.8 


106.0 


June 


105.7 


L05.8 


101.0 


93.7 


103.2 




130.6 


137.3 




130.4 


US. 2 


L07.5 


101.8 


106.1 


July 


107.S 


107.:; 


106.2 


93.8 


104.0 




131.7 


137.8 




120.0 


L17.5 


100.0 


101. S 


105.9 


Aug. 


105.8 


100.1 


10 1.0 


93.8 


103.4 




131.5 


137.7 




L26.9 


116.3 


100.4 


101.8 


105.7 


Sept. 


io3.;) 


104.6 


102. 8 


03. S 


102.7 




129.5 


136.9 




12 1.:: 


L14.8 


101.0 


101.7 


105.2 


Oct. 


L05.6 


104.9 


103.8 


03.0 


102.9 




129.3 


136.7 




127.:; 


110.0 


L05.7 


101.9 


105.9 


(H Adjusted to 1 


926=100 from base 1413 = 100 in 1026-29 


and from 


I'.is 


e 1930=100 in 1930 .. 


nd t 


lereafter. (2) Bureau of Labor Statistics 


Index of 


Prices of Finishec 


Products 







OCT. - NOV. 1945 

VI— FEDERAL GOVERNMENT: DISTRIBUTION OF DIRECT FUNDED DEBT 

Millions of Dollars 



82 



National War Finance Committee 





As at Dec. 31 


As at 

May 31 

1945 




1938 


1939 


1940 


1941 


1942 


1943 


1944 


Payable in : 

Canada 


2,511 
449 
406 


2,730 
469 
328 


3,497 
469 
175 


4,523 

459 

22 

5,004 


7,011 

459 

13 

7,483 


10,221 

333 

13 


13,215 
333 

12 


14,745 


U.S.A 

U.K 


333 
12 






Total Direct Funded Debt 


3,366 


3,527 


4,141 


10,567 


13,560 


15,090 


Estimated Holdings by: 

Federal Govt. Accounts 

Bank of Canada 


154 

169 
659 

349 
885 

377 
773 


129 

215 

827 

373 
895 

365 
723 

3,527 


68 

542 
790 

440 
1,185 

482 
634 


90 

572 
1,048 

569 
1 ,550 

677 
498 


166 

976 
1,512 

830 
2,353 

1,131 
515 


456 

1,227 
2,185 

1,167 
3,502 

1 ,563 
467 

10,567 


690 

1,455 
2,815 

1,496 
4,725 

1,857 
522 

13,560 


754 

1,574 


Chartered Banks 


3,037 


Life Insurance Companies 

Individuals in Canada 

Other Investors in Canada .... 
Other Investors Outside Canada 


1,660 
5,479 

2,021 
565 


Total Direct Funded Debt 


3,366 


4,141 


5,004 


7,483 


15,090 



BY TYPE OF INVESTOR 



BY CURRENCY OF PAYMENT 



FEDERAL GOVT: PERCENTAGE DISTRIBUTION OF DIRECT FUNDED DEBT: 1938-45 

100% 



80% 





FED. GOV'T A/C'S 






60% 



40% 



20% 



1939 



1940 



1941' 1942 

AS AT DEC. 31 



1943 



1944 1945 

AS AT MAY 31 



1939 1940 1941 1942 1943 1944 1945 

AS AT DEC. 31 AS AT MAY 31 



Millions of Dollars 



VI— FEDERAL GOVERNMENT : CASH REQUIREMENTS 

Dept. of Finance and Bank of Canada 



Fiscal Years Ending March 31. — 



1939 



1940 



1941 



1942 



1943 



1944 



1945 



Direct War Expenditure 

Dept. of National Defence — Army 

" — Navy 

" " " " —Air 

Expansion of Industry 

War Service Gratuities and Reestablishment Credits 
Other Direct War Expenditure 

War Advances 

Railways and Merchant Marine 

War Supplies Limited 

Other Government Corporations 

Allied Governments — Air Training 

—Other 



15.8 

6.6 

11.2 



Financing of Allied Governments 

Redemption in Advance of Maturity of: — 

Dominion Bonds Payable in Sterling 

C.N.R. Bonds Payable in Sterling 

Repatriation via Bond Holding Account 

Special Loan to U. K. Government 

Loans to Foreign Exchange Control Board 

FECB Reqts. Temporarily Financed by Bk. of Can.. . 

Increase or Decrease in Foreign Cash Balances 

Gift to U. K. Government 

Expend, under U. N. Mutual Aid Act (inch UNRRA) 

Total— War Requirements 



Other Expenditure 

Net Interest on Public Debt b 

Cost of Loan Flotations & Amortization of Discount. . 

Statutory Subsidies to Provinces 

Special Grants to Provinces 

Payts. to Provinces under Tax Agreements — re Gas. Tax 

" " —Other 

Old Age Pensions Subventions to Provinces 

Unemployment Insurance — Administration 

" — Govt. Contribution 

Soldiers' Pensions and After-care 

Family Allowance Payments 

Other Ordinary Expenditure (ex. Dept. of Nat. Defence) 

Unemployment and Agricultural Relief 

Provision for Reserve vs. Deficits of Can. Wheat Bd. d 

Other Special Agricultural Expenditure 

C.N.R. Deficit 

Other Government-Owned Enterprises 

Capital Expenditure (Net) 



Total— Other Expenditure 



Loans and Investments 

Loans to C.N.R. to Meet Maturing Bonds' 

for Other Purposes (ex. Repatriation) 

Loans to Provinces re Relief 

Loans under Dominion & National Housing Acts 

Other Loans (Net) 

Bond Holding Account (ex. Repatriation) 

Unamortized Debt Discount & Commission 

Other Current Assets (ex. Cash) 



Total Loans and Investments. 



Total Cash Requirements 



11.3 



23.1 



113.6 

4.9 

13.8 

7.5 



29.0 



55.6 

104.4 
46.9 
25.0 

54.3 
4.6 
5.4 

465.0 

2.1 

5.9 

15.0 

2.7 
2.6 

.6 
1.0 

23.7 

511.8 



73.3 
13.2 
37.7 



7.3 
9.1 

1.3 

72.6 
6.3 

25.2 
246.0 



114.7 

5.0 

13.8 

5.5 



30 



57.0 

107.9 

57.2 

27.0 

7.5 

40.1 

2.0 

7.0 

474.7 



13.7 
7.3 

12.6 
4.4 
4.8 

.3 
.4 

42.7 

763.4 



380.3 

88.2 

176.3 

77.9 

29.5 

16.5 

9.9 

34.0 

6.4 



75.9 
93.6 
11.5 

325.0 
69.0 
19.1 



1,413.1 



121.3 

6.3 

13.8 

5.5 



29.9 



54.9 

102.2 

34.8 

10.5 

4.7 

17.0 

1.2 

3.3 

405.4 



1.9 
9.6 
1.5 
3.8 
1.5 
11.9 
2.5 
1.3 

31.0 

1.849.5 



511.2 
129.4 
370.6 
247.8 

72.9 

15.7 

36. 5 

24.7 

72.2 

7.4 



149.8 

203.3 

11.7 

400.0 

206.9 

15.8 



2,402.9 



129.2 
16.4 

14.4 



21.1 

29.6 

2.3 

7.3 

53.2 

103.6 

8.5 

12.6 

42.9 



1.2 
2.4 



444.7 



28.7 

2.0 

.2 

2.6 

5.6 

.1 

11.0 

.5 

38.1 

2,885.7 



1,038.2 
210.2 
617.2 
669.7 

189.3 

2.9 

119.6 

48.8 

56.4 

21.7 



2.7 

61.1 

8.6 

700.0 

325.0 

275.9 

74.9 

1,000.0 



4,177.0 



147.4 
13.8 
14.5 

8.3 
85.9 
30.0 

4.7 
11.5 
52.4 

106.4 

5.0 

6.7 

26.3 

1.3 
3.2 

504.0 



19.6 

.5 

.2 

8.0 

16.2 

19.4 

.1 

64.2 

4,745.2 



1,328.9 
369.5 
930.7 
665.2 j 

367.6 

18.3 
11.9 
62.9" 
205.4 
66.5 



.4 
2.1 

42.4 
185.0 

137.0 

912.6 

4,923.8 



194.4 
19.3 

14.4 

11.7 
83.7 
30. 4 C 
5.2 
12.3 
53.1 

115.4 

3.8 

3.0 

33.7 



1.3 
2.5 



578.2 



18.7 

43.0 

.3 

.5 

6.8 

150.4 

6.7 

6.3 

131.5 

5,633.5 



(Preliminary 

1,261.8 
417.1 

1,259.5 

176.0 j 

20.2 

469.7 



16.8 
71.2 
26.9" 
81.6 
5.5 



.4 
1.0 

55.1 
265.0 

107.4 

803.3 

4,732.1 

258.3 
20.7 
14.4 

10.3 
83.0 
32. 2 C 
5.1 
12.7 
59.2 

124.0 

3.9 

.4 

3.5 

1.4 
2.4 

630.7 



92.2 

26.4 

.2 

1.2 

15.5 

151.3 

5.1 

1.4 

237.7 
5.600.5 



OCT. - NOV. 1945 



84 



Millions of Dollars 



VI— FEDERAL GOVERNMENT : SOURCES OF FINANCING 

Dept. of Finance and Bank of Canada 



Fiscal Years Ending March 31,— 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


Revenue 

Income Tax on Individuals 


46.9 
85.2 

9.9 

18.4 
34.5 
24.9 

78.8 
15.6 

122.1 

.2 

12.4 

1.2 


45.4 
77.9 

11.1 

21.0 
42.1 

27.1 

104.3 
2.0 

137.4 

16.2 

.2 

484.7 


75.9 

27.7 

131.6 

24.0 

13.0 

33.8 

58.4 
40.4 

130.8 

1.0 

61.9 

179.7 

1.7 

18.7 

3.0 


189.5 
106.6 
185.8 
135.2 
7.0 
28.3 

47.5 

68.3 

112.4 

142.4 

.9 

100.9 

236.2 

4.5 
19.2 

16.9 


453.9' 

80.2 

348.0 

454.6' 

13.3 

28.1 

66.1 
106.0 
139.6 

119.0 

.5 

94.6 

232.9 

4.2 
26.6 
19.2 


813.0' 

.4 

311.4 

468.7' 

15.0 

26.9 

65.9 
138.8 
159.4 

167.9 

.5 

118.9 

304.9 

12.6 

21.7 

100. 6 k 


(Preliminary) 

767.8' 

276.4 

465.6' 

17.2 

28.6 

72.3 
150.4 
172.4 

115.1 

.5 

98.2 

209.4 

11.5 

18.7 

356 .3 m 

2,760.4 

(95.0) 
(124.3) 


(Budget 

Estimates) 

680.0 


National Defence Tax 






•I 




> 693.0 




20.0 


Withholding Tax on Dividends, Interest, etc 


29.0 




] 




> 433.0 


Sundry Excise & Other Taxes 


J 




120.0 


Special Excise Tax on Imports » 






45.0 




210.0 


Post Office Department (Net) 


11.5 


Other Ordinary Revenue 


18.2 




100.0 


Total Revenue 




449.7 


801.6 


1,401.6 


2,186.8 

(50.0) 
(20.0) 


2,726.6 

(115.0) 
(40.0) 


2,359.7 

(65.0) 


Of Which: Refundable Personal Income Tax 

Excess Profits Tax 

BORROWING 

War Savings Certificates and Stamps (Net) 8 

Other Funded Debt Payable in Canada Only (Net) h . . 
Deposit Certificates (Net) 


48.9 

5.0 

7.9 
19.9 

15.4 
4.5 
2.9 

25.0 
9.8 


395.0 

2.2 
.2 

17.4 
4.6 
9.4 

25.0 
1.4 

400.4 


58.0 
690.9 

75.0 

.4 
69.0 

15.6 
5.2 
8.5 

10.5 
9.1 


84.8 
1,546.4 

40.0 

10.0 
206.9 

16.9 
11.2 
27.1 
7.9 
15.8 


59.0 
1,155.1 

820.0 
30.0 

4.1 
275.9 

17.4 
7.0 

43.5 
6.7 

26.0 

1,871.3 


48.4 

2,833.1 

30.0 

60.0 

115.3 

23.3 
7.3 

18.0 

3.0 

86.8 

2,892.6 

5,619.2 


31.0 

2,567.1 

210.0 

20.0 

1.0 

30.0 
6.8 

61.9 
8.8 

74.9 




Treasury Bills (Net) 




Funded Debt Payable in London (Net) (ex Repatriation) 
Funded Debt Payable in New York (Net) 




Exchange Temporarily Placed with Bk. of Can. by FECB 




Insurance and Superannuation Funds' 

Interest Due & Outstanding and Outstanding Cheques 
Reserve re Canadian Wheat Board . 




Other Liabilities 




Total Borrowing 




98.1 


941.4 


1,947.0 


2,991.9 




Total Revenue + Borrowing 




547.8 


885.1 


1,743.0 

106.5 
1,849.5 


3,348.6 


4,058.1 


5,752.3 




Increase or Decrease in Canadian Cash Balances 

Total Cash Requirements (as per opposite page). 




36.0 


121.7 


462.9 


687.1 


14.3 


151.8 




511.8 


763.4 


2,885.7 


4,745.2 


5,633.5 


5,600.5 


5,338.3 


(a) Does not include any allowance for interest on the 8th Victory 
other securities issued after the beginning of the fiscal year. 

(b) Return on Investments has been deducted from Gross Interest o 
Debt and excluded from revenue. For the fiscal years 1938/9 tc 
it amounted to: 14.4, 14.6. 17.9, 2S.8, 41.2, 48.3. 60.7 and 60.0. 

(c) Excludes 3.1 and 8.8 of supplementary pensions in 1943/4 anc 
respectively, chargeable to the War Appropriation and included ir 
Direct War Expenditure" above. 

(d) Actual payments to the Canadian Wheat Board out of the ' 
against Deficits" were 52.0 in 1939/40, 4.6 in 1941/2 and 8.4 in 
During the fiscal years under review the bank loans of the Canadia 
Board increased or decreased as follows: 60.7, 18.2, 58.1, 15.6, 4 
and 34.4. 

(e) Excludes equipment trust certificates, whose retirement is prov 
out of operating expense. 

(f) The estimated portion of income and excess profits tax refunda 
the war is shown in brackets just below "Total Revenue". 

. (g) Includes Non- Interest Bearing Certificates. 


Loan or 

n Public 
1945/6 

1944/5 
i "Other 

Reserve 
1944/5. 
n Wheat 
1.8. 38.0 

ided for 

ale after 


(h) Bonus redemptions for 1st War Loan a 
are included with the funded debt and 

(i) Includes the cash holdings but not the 
Insurance Fund. 

(j) Provision for reserve against continj 
amounting to 12.6 and 31.0 in 1943/4 
deducted from war expenditure and ex 

(k) Previous year's war expenditure of $5. 
plants which was transferred to Acti\ 
Special Revenue and excluded from W 

(m) An amount of $7.1 million represent 
been deducted from Special Revenue 

(n) In the fiscal years 1943/4 and 1944/ 
expenditures and miscellaneous war r 
and $352.9 million respectively. 

(p) To provide credits to allied countries 
Export Credits Insurance Act and to n 
Control Board and other loans and ini 


nd 1st, 2nd and 3rd Victory Loans 
excluded from "Other Liabilities", 
investments of the Unemployment 

;ent liabilities, crown companies, 
and 1944/5 respectively has been 
?luded from liabilities. 
1.4 million on investment in crown 
'e Assets has been deducted from 
ar Advances. 

ng revaluation of war plants has 
ind excluded from War Advances. 
5 refunds of previous year's war 
;venue amounted to $98.9 million 

and additional amounts under the 
ake loans to the Foreign Exchange 
vestments as may be required. 



03 



UL 1. - 1NUV. iyiJ 



VII— MUNICIPALITIES'" : CURRENT REVENUE AND EXPENDITURE 

Millions of Dollars 



CURRENT REVENUE' 



Calendar Years <3) 



Real Property Tax <S) 

Metropolitan 

Other Urban 

Rural 



Total . 



Sales Tax 
Metropolitan . 
Other Urban. 
Rural 



Total . 



Other Taxes 
Metropolitan . 
Other Urban. 
Rural 



Total . 



Total Taxation 

Metropolitan. . . 

Other Urban 

Rural 



Total . 



Licenses, Permits & Fees 

Metropolitan 

Other Urban 

Rural 



Total . 



Public Utility 
Contributions 

Metropolitan 

Other Urban 

Rural 



Total . 



Other' 61 

Metropolitan . 
Other Urban. 
Rural 



Total. 



Total Revenue 

Metropolitan . . 
Other Urban. . . 
Rural 



1942 



Total 



100.5 
93.9 
57.0 



251.4 



6.3 
1.4 

.1 

7.8 



10.9 

11.9 

2.2 

25.0 



117.7 

107.2 

59.3 

284.2 



3.3 
3.3 

.9 

7.5 



6.2 
7.3 

.1 

13.6 



13.2 

12.4 

6.5 

32.1 



140.5 

130.2 

66.8 

337.5 



1943 



98.0 
94.8 
65.6 

258.4 



6.5 

1.5 

.1 

8.1 



11.2 

12.2 

1.9 

25.3 



115.7 

108.5 

67.6 

291.8 



3.2 
3.5 

1.0 

7.7 



6.2 

7.8 

2 

14.2 



12.4 

13.3 

7.3 

33.0 



137.5 
133.1 

7(1.1 



1944 

(Est.)(4) 



346.7 



98.6 
95.2 
69.8 

263.6 



6.2 

1.5 

.1 



7. 



11.2 

13.0 

1.9 

26.1 



116.0 

109.7 

71.9 

297.6 



3.3 
3.7 

1.0 

8.0 



(i.() 

8.7 

2 

15.5 



12.2 

13.6 

7.5 



33.3 



138.1 

135.7 
80.6 

354.4 



1945 

(Est.)(4) 



98.2 
95.1 
67.0 

260.3 



6.1 

1.5 

.1 

7.7 



11.1 
13.1 

1.8 

26.0 



115.3 

109.7 

68.9 

293.9 



3.3 
3.6 
1.0 

7.9 



6.7 

9.0 

.3 

16.0 



12.0 
L3.6 

7.0 

32. (i 



L37.3 
L35.9 

77 9 



350.4 



CURRENT EXPENDITURE' 



Calendar Years' 3 ' 



Schools'" 

Metropolitan . 
Other Urban . 

Rural 

Total. . . . 



Public Welfare'" 
Metropolitan . . . . 

Other Urban 

Rural 

Total 



Highways, Roads, 

Streets* 7 ' 

(ex. Debt Charges) 

Metropolitan 

Other Urban 

Rural 

Total 



Protection, General 
Administration and 

Sundry*" 

Metropolitan 

Other Urban 

Rural 

Total 



Debt Charges 

(ex. Debt Repayment) 

Metropolitan 

Other Urban 

Rural 

Total 



Total 
Current Expenditure 

(ex. Provision for 

Debt Repayment) 

Metropolitan 

Other Urban 

Rural 

Total 

Provision for 
Debt Repayment 

Metropolitan 

Other Urban 

Rural 

Total 



Total 
Current Expenditure 

Metropolitan 

Other Urban 

Rural 

Total 



1942 



29.6 
33.3 

24.8 
87.7 



17.4 

14.1 

7.0 

38.5 



6.6 
10.2 
11.1 
27.9 



41.6 
34.7 
11.8 

88.1 



26.1 

15.4 

3.4 

44.9 



121.3 

107.7 

58.1 

287.1 



13.5 

16.1 

3.5 

33.1 



134.8 
123.8 

61.6 
320.2 



1943 



28.6 
37.1 
27.2 

92.9 



17.6 

14.9 

6.4 

38.9 



8.7 
11.1 
12.4 
32.2 



41.4 
34.7 
14.6 
90.7 



23.6 

14.4 

3.0 

41.0 



119.9 

W2:2 

63.6 

295.7 



13.0 

15.7 

3.4 

32.1 



L32.9 

127.9 

67.0 

327.8 



1944 

(Est.)(4) 



28.7 
37.4 
28.1 
94.2' 8) 



18.4 

15.5 

6.2 

40.1 



9.7 

11.5 
13.0 
34.2 



42.5 
36.0 
15.4 
93.9 



22.1 

13.8 

3.3 

39.2 



121.4 

114.2 

66.0 

301.6 



17.5 

15.5 

3.3 

36.3 



L38.9 

129.7 

69.3 

337.9 



(1) Including school corporations. (2) Provincial grants other than gIB 
subsidies have been excluded from Revenue and corresponding amounts decH 
from expenditures where necessary- Provincial subsidies for general puB 
are included in "Other Revenue". The Classification of Revenue. (otheiB 
taxation) and Expenditure involves a considerable amount of estimation sB 
classified totals are at best approximate. (.') Or the fiscal year near 
calendar year. (4) Estimates based on sample municipal returns receiv 
the Dominion Bureau of Statistics. (5) Tax collection figures have beet 
herein so far as tins information is available. These differ from figures prev 
published in the Summary which were taxes levied so lar as possible. (6) In 
3.9 received under Dom.-Prov. Tax Agreements. Excludes any surpluses 
previous years. (7) Excluding Debt Chargi s \-, or deducting the s 
subsidy oi .?.! which the province ol Ontario paid to its mu 
in anticipation of the province assuming cation 

(9) Decrease due to larger provincial educational giants, particularly in Oi 



OCT. - NOV. 1945 



86 



VII— MUNICIPALITIES'": OUTSTANDING DEBT' 

Millions of Dollars 



TYPE OF DEBT BY CLASS OF MUNICIPALITY 



Ialendar Year End (3> 



inded Debt 

hools (Gross) 

Metropolitan 

Other Urban 

Rural 

Total 

GHWays (Gross) 

Metropolitan 

Dther Urban 

Rural 

Total 

HER (ex. Utilities) (Gross) 

Metropolitan' 5 ' 

Dther Urban 

Rural 

Total 

S5 Sinking Funds 

Metropolitan 

)iher Urban 

Rural 

Total 

blic Utilities (Net) 

Metropolitan 

)ther Urban 

Rural 

; Total 

tECT 

Bonded Debt (Net) . . . 

aranteed (Net) 

[Metropolitan 

Other Urban 

Jlural 

Total 

<ect & Guaranteed 
Bonded Debt (Net) . . 

nk Loans 

Metropolitan' 5 ' 

)ther Urban 

tural 

Total 

tal Outstanding 
Debt (Net) 

Metropolitan 

Jther Urban 

tural 

Total 



1942 



106.5 
76.2 
12.6 

195.3 



129.6 
85.4 
10.2 

225.2 



325.9 

143.5 

17.4 



486.8 



120.2 
69.4 

4.4 

194.0 



108.1 

79.9 

7.9 




1943 



48.7 

2.2 

.4 

51.3 

960.5 



41.4 
10.2 
26.6 

78.2 



640.0 

328.0 

70.7 



1,038.7 



95.2 
75.0 

11.8 

182.0 



121.5 
82.3 

8.8 

212.6 



324.5 

139.0 

15.5 

479.0 



118.1 

70.0 

3.7 

191.8 



99.7 

70.7 

6.7 

177.1 

858.9 



46.4 

2.1 

.3 



1944 
(Est.) (4) 



48.8 



907.7 



31.0 

8.2 



64.4 



600.2 

307.3 

64.6 



972.1 



97.7 
71.8 
11.2 

180.7 



109.6 

79.6 

7.4 

196.6 



273.6 
122.4 

14.4 

410.4 



60.7 

61.5 

3.6 

125.8 



99.0 
66.6 

6.7 

172.3 



1945 

(Est.) <4) 



834.2 



44.5 

2.0 

.2 

46.7 
880.9 



7.2 (6) 
7.5 

7.8° 

22.5 



570.9 

288.3 
44.2 



95.9 
70.5 
11.0 

177.4 



105.8 

76.1 

6.5 

188.4 



268.1 

111.3 

13.7 

393.1 



60.9 

59.1 

3.5 



123.5 



93.8 

62.2 

6.5 



162.5 



797.9 



903.4 



43.7 

1.9 

.2 

45.8 



843.7 



6.5 

7.0 

7.4 



20.9 



552.9 

269.9 

41.8 



TOTAL BY CLASS OF MUNICIPALITY & PROVINCE 



Calendar Year End (3) 

Total Outstanding 

Debt (Net) 
Metropolitan 

Quebec 

Ontario 

Manitoba 

British Columbia 

Total 

Other Urban 

Prince Edward Island. 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 

Totai 

Rural 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Sask itchewan 

Alberta 

British Columbia 



Total . 



All Municipalities 
Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia. . . . 

Total 



1942 



335.3 

183.1 

50.3 

71.3 

640.0 



2.6 
20.2 
14.1 
109.7 
93.7 
2.8 
25.2 
42.2 
17.5 

328.0 



1.7 

4.5 

10.7 

18.2 

6.0 

24.8 

1.9 

2.9 

70.7 



2.0 
21.9 
18.6 
455.7 
294.9 
59.1 
50.0 
44.2 
91.7 



1,038.7 



1943 



322.4 

168.0 

42.1 

67.7 

600.2 



2.4 
18.6 
13.0 
105.9 
86.3 
2.4 
22.0 
39.7 
17.0 

307.3 



1.6 

3.8 

10.7 

16.3 

5.6 

22.3 

1.7 

2.6 

64.6 



2.4 
20.2 
16.8 
439.0 
270.6 
50.1 
44.3 
41.4 
87.3 

972.1 



1944 

(Est.) (4) 



314.2 

153.7 

38.9 

64.1 

570.9 



2.4 

17.3 

11.8 

103.2 

77.7 

2.0 
19.3 
38.0 
16.6 

288.3 



1.4 

3.7 

10.4 

14.7 
4.8 
5.0 <7) 
1.6 
2.6 

44.2 



2.4 
18.7 
15.5 

427.8 

246.1 
45.7 
24.3 (7) 
39.6 
83.3 

903.4 



1945 

(Est.)(4) 



305.1 

145.0 

35.9 

66.9 

552.9 



2.3 
16.0 
11.1 
99.4 
69.1 

1.7 
17.8 
36.2 
16.3 

269.9 



1.3 
3.6 
10.1 
13.6 
4.3 
4.6 
1.4 
2.9 

41.8 



2.3 

17.3 
14.7 
414.6 
227.7 
41.9 
22.3 
37.6 
86.2 

864.6 



864.6 



(1) Including School Corporations. (2) Excludes Treasury Bills of 6.7 owing to the 
Provinces and accounts payable and other liabilities of 100 (1942) 97 (1943) 105 
est. (1944) 95 est. (1945) against which are such assets as taxes, accounts and other 
items receivable, cash. etc. of greater amounts. Sources: Reports of Provincial 
Departments of Municipal Affairs and Education; records of the Dominion Bureau 
of Statistics and Citizen's Research Institute of Canada. (3) Or the fiscal year end 
nearest the calendar year. (4) Estimates based on sample municipal returns 
received by the Dominion Bureau of Statistics. (5) Bank loans against unsold 
debentures, which were shown in the Oct. -Nov . 1944 Summary under "Debenture 
Debt", are now included under "Bank Loans". (6) Decrease from previous year 
due in large part to refunding of Montreal's debt. (7) Decrease from previous 
year due in large part to the implementation of seed grain loan guarantees. 



o/ 



OCT. - NOV. 19-F 
VIII— ESTIMATED CANADIAN BALAT>fE 

CURfeN 

DominitB- 



Millions of Canadian Dollars 



All Countries 

Exports or Credits 

Merchandise Trade (Adjusted) (2) 

Non-Monetary Gold 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items <3) 



Total 

Imports or Debits 

Merchandise Trade (Adjusted) (2) . 

Non-Monetary Gold 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items (3) 



Total 

Net Credit or Net Debit 

Merchandise Trade (Adjusted) (2) . 

Non-Monetary Gold 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items <3) 



Total 



United Kingdom 

Exports or Credits 

Merchandise Trade (Adjusted) <2) . 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items (3) 



Total 

Imports or Debits 

Merchandise Trade (Adjusted) (2) . 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items (3) 



Total 

Total Net Credit or Net Debit 



1926 



1,272 
30 
152 
32 
96 
83 

1,665 

973 

99 
240 
105 
121 

1,538 

299 
30 
53 

208 

9 

38 

127 



1927 



1,215 
32 
163 
41 
97 
85 

1,633 

1,057 

100 
257 
109 
120 

1,643 

158 
32 
63 

216 
12 
35 

10 



1928 



315 

8 

2 

15 

12 



352 

148 
21 
97 

8 

I'D 



294 
58 



271 

10 

2 

10 

12 



305 

171 
20 

101 
11 

21 



324 
19 



1,341 

40 

177 

46 

96 



1,788 

1,209 

98 
275 
116 
122 

1,820 

132 

40 
79 
229 
20 
34 

32 



288 

9 

2 

11 

13 



323 

194 
19 

100 
10 
21 



344 
21 



1929 



1930 



1,178 
37 
198 
61 
92 
80 

1,646 

1,272 

■108 
322 
130 
125 

1,957 

94 
37 
90 
261 
38 
45 

311 



224 

9 

2 

8 

13 



256 

1S8 
20 

113 
12 
22 



355 
99 



880 
39 

180 
59 
70 
69 



1,297 



973 

92 
348 
103 
118 



1,634 

93 
39 
88 
289 
33 
49 

337 



174 

8 

2 

7 

12 



203 

147 
18 

115 
12 
17 



309 
106 



1931 



601 
57 

153 
48 
54 
59 



972 

580 

71 

330 

79 

86 



1,146 

21 
57 
82 
282 
25 
27 

174 



139 

8 

1 

9 

13 



170 

86 

14 

102 

9 

14 



224 
54 



United States 

Exports or Credits 

Merchandise Trade (Adjusted) (2) . 

Non-Monetary Gold 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items <3) 



470 
30 

140 
12 
64 
65 



489 
32 

14S 
10 
09 
07 



507 
40 

163 
20 
68 
69 



519 
37 

184 
30 
68 

61 



397 

39 

10,7 
30 
52 
51 



Total 

Imports or Debits 

Merchandise Trade (Adjusted) (2) . 

Non-Monetary Gold 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items (3) 



Total 

Total Net Credit or Net Debit . 



787 

652 

70 

138 

85 

73 



821 



ooo 

72 

151 

84 



867 

MO 

72 

169 

92 

73 



899 

X7.-> 

si 
21 >2 

103 
75 



736 

634 

07 

80 

71 



1,018 
231 



1,069 
248 



1,216 
349 



1,336 
437 



1,080 
344 



25 1 

57 
141 
25 
38 
41 



556 

372 

52 

221 

61 

55 



761 
205 



Taken from the "Canadian Balance of International Payments, 1926-44" in which the revisions carried back to 1937 in "The Canadian Balance 
International Payments. 1937-43"are continued back to the time when the D.B.S estimates commenced. These revisions, which are most extensive undei 
Merchandise, Tourist and Miscellaneous headings, are based on information becoming available since "The Balance of International Payments. A Stud> 
of Methods and Results" (D.B.S. 1939) was published. The net effect is to reduce credits somewhat. 



i OCT. - NOV. ] 
lyTERNATK 


.945 


















Stf 


)NAL PAYMENTS*: 1926-44 














!OUNT<»> 






















Statistics 






















33 


1934 


1935 


193.6 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


\2 


648 


732 


954 


1,041 


844 


906 


1,202 


1,732 


2,515 


3,050 


3,583 


<2 


114 


119 


132 


145 


161 


184 


203 


204 


184 


142 


110 


59 


106 


117 


142 


166 


149 


149 


104 


111 


81 


88 


111 


(8 


57 


64 


75 


76 


66 


57 


52 


60 


67 


59 


71 


14 


52 


68 


80 


112 


95 


102 


138 


185 


221 


288 


316 


14 
!9 


43 


45 


47 


53 


46 


59 
1,457 


77 


166 


308 


437 


345 


1,020 


1,145 


1,430 


1,593 


1,361 


1,776 


2,458 


3,376 


4,064 


4,536 


>8 


484 


526 


612 


776 


649 


713 


1,006 


1,264 


1,406 


1,579 


1,398 


14 


50 


64 


75 


87 


86 


81 


43 


21 


26 


36 


58 


14 


268 


270 


311 


302 


307 


306 


313 


286 


270 


261 


264 


16 


79 


82 


97 


137 


105 


119 


132 


167 


228 


294 


244 


19 
11 


71 


78 


91 


111 


114 


112 


133 


229 


345 


688 


1,575 


952 


1,020 


1,186 


1,413 


1,261 


1,331 


1,627 


1,967 


2,275 


2,858 


3,539 


14 


164 


206 


342 


265 


195 


193 


196 


468 


1,109 


1,471 


2,185 


52 


114 


119 


132 


145 


161 


184 


203 


204 


184 


142 


110 


15 


56 


53 


67 


79 


63 


68 


61 


90 


55 


52 


53 


!6 


211 


206 


236 


226 


241 


249 


261 


226 


203 


202 


193 


12 


27 


14 


17 


25 


10 


17 


6 


18 


7 


6 


72 


5 
2 


28 


33 


44 


58 
180 


68 
100 


53 


56 


63 


37 


251 


1,230 


68 


125 


244 


126 


149 


491 


1,101 


1,206 


997 


!8 


234 


258 


342 


385 


337 


332 


542 


914 


1,424 


1,636 


1,796 


5 


7 


7 


8 


11 


8 


7 


5 


2 


2 


1 


2 


2 


2 


2 


2 


2 


2 


2 


2 


4 


5 


4 


8 


8 


11 


21 


23 


38 


34 


34 


60 


110 


114 


128 


139 


[1 

14 


7 
261 


7 


7 


8 
444 


8 


9 


27 


63 


112 


120 


118 


295 


382 


389 


384 


636 


1,093 


1,657 


1,889 


2,063 


;o 


103 


110 


120 


148 


119 


106 


133 


137 


116 


100 


94 





10 


12 


15 


16 


15 


11 


2 


2 


2 


2 


2 


'2 


75 


76 


84 


85 


81 


78 


74 


66 


50 


51 


55 


.2 


14 


21 


26 


43 


30 


36 


32 


28 


41 


40 


28 


.4 
!8 


13 


14 


15 


17 


17 


16 


52 


126 


225 


547 


1,138 


215 


233 


260 


309 


262 


247 


293 


359 


434 


740 


1,317 


!6 


46 


62 


122 


135 


127 


137 


343 


734 


1,223 


1,149 


746 


7 


226 


285 


369 


391 


268 


344 


424 


566 


911 


1,224 


1,444 


52 


114 


119 


132 


145 


161 


184 


203 


204 


184 


142 


110 


51 


96 


107 


129 


149 


134 


137 


98 


107 


79 


87 


109 


17 


20 


24 


31 


31 


25 


27 


29 


39 


43 


34 


42 


!8 


32 


33 


41 


45 


39 


46 


49 


64 


92 


137 


140 


iO 


33 


35 


36 


42 


36 
663 


42 


31 


65 


152 
1,461 


274 


176 


15 


521 


603 


738 


803 


780 


834 


1,045 


1,898 


2,021 


)5 


278 


299 


352 


463 


400 


472 


702 


910 


1,116 


1,311 


1,113 


SO 


36 


48 


54 


65 


66 


67 


40 


18 


24 


34 


56 


58 


189 


190 


222 


211 


218 


220 


233 


214 


215 


205 


203 


i5 


55 


47 


53 


68 


55 


61 


78 


131 


179 


247 


211 


iO 


43 


48 


58 


73 


73 


76 


73 


90 


107 


120 


421 


28 


601 


632 


739 


880 


812 


896 


1,126 


1,363 


1,641 


1,917 


2,004 


!3 


80 


29 


1 


77 


149 


116 


292 


318 


180 


19 


17 



(1) For "Capital Account" items sec "The Balance of International Payments, A Study of Methods and Results" (D.B.S. 1939). These are the latest de- 
tailed statements up to and including 1937. Data on capital movements in later years are shown in the annual D.B.S. Balance of Payments bulletins. 

(2) For special treatment of "Merchandise Trade" during the war. see footnote (1) on page 90 of this issue. 

(3) "Other Current Items" includes current War Expenditures and Receipts. 



KJ\^ I . - iNV_»V. i»-»a 



VIII— ESTIMATED CANADIAN BALANCE C&] 

Domini |£ 



Millions of Canadian Dollars 



1943 



Exports 
or Credits 



Imports 
or Debits 



Net Credit 
Net Debit 



1944 



Exports 
or Credits 



Imports 
or Debits 



All Countries 

Current Account 

Merchandise Trade (Adjusted) 

Net Exports of Non-monetary Gold 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 

Total Current Account 

Special U.S. Dollar Transactions 

Capital Receipts or Payments 

Mutual Aid 

Balancing Item (6) 

Empire Countries 
Current Account 

United Kingdom 

Merchandise Trade (Adjusted) (1) 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 21 

Total 

Other Empire Countries 

Merchandise Trade (Adjusted) Cl> 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 

Total 

Total Empire Countries 

Merchandise Trade (Adjusted) '" 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

War Service Receipts 

Canadian Overseas Expenditures 

Remaining Current Items (2) 

Total Current Account 

Total Current Account — United Kingdom 

Other Empire . . 

Total Empire . . . 
Capital Receipts' 4 ' 

Sub-Total 

Special U.S. Dollar Transactions' 5 ' 

Capital Payments' 4 ' 

Mutual Aid 

Balancing Item "" 



3,050 

142 

88 

59 

288 
437 

4,064 

143 

677 



1,579 

36 
261 
294 

688 

2,858 
143 

1,360 
512 



1,471 

142 

52 

202 

6 

251 

1,206 



683 

512 

11 



1,636 

1 

4 

128 

120 

1,889 



127 

1 
20 
29 

177 



1,763 

1 

5 

148 

128 

21 

2,066 

1,889 

177 

2,066 

20 
2,086 



100 
2 

51 

40 
547 

740 



100 



110 



200 
2 

52 
47 

499 
50 



1 ,536 

1 

47 

88 

427 

1,149 



27 



13 

27 



67 




850 
143 
586 
503 



1,236 

143 

586 

503 

4 



3,583 
110 
111 
71 
316 
345 

4,536 

55 

689 



1,796 
2 

8 
139 
118 

2,063 



174 

1 
30 
39 

244 

1,970 
2 

9 
169 
L28 

29 
2,307 
2,063 

244 
2,307 

146 
2,453 



1,398 

58 

264 

244 

1,575 

3,539 

55 

746 

936 



94 

2 

55 

28 
1,138 

1,317 



102 

1 
5 
3 

111 



196 

2 

56 

33 

1,085 
56 

1,428 

1,317 

111 

1,428 



1,428 

55 

144 

834 



1.' 



L,( 



10CT. - NOV. 1945 

(NATIONAL PAYMENTS* : 1943 AND 1944 

i Statistics 












" ifV 




Millions of Canadian Dollars 


1943 




1944 






Exports 
or Credits 


Imports 
or Debits 


Net Credit 
Net Debit 


Exports 
or Credits 


Imports 
or Debits 


Net Credit 
Net Debit 




)N-Empire Countries ' 
Current Account 

United States 

Merchandise Trade (Adjusted) 


1,224 

142 

87 

34 

137 

274 


1,311 

34 
205 
247 
120 


87 
142 

53 
171 
110 
154 


1,444 
110 
109 
42 
140 
176 


1,113 

56 
203 
211 

421 


331 
110 

53 
161 

71 
245 




Net Exports of Non-monetary Gold 




Tourist and Travel 




Interest and Dividends 

Freight and Shipping 




Other Current Items 0) 




Total 




1,898 

63 

20 

3 

14 

100 

1,287 

142 

87 

54 

140 

288 


1,917 

68 

4 

19 


19 

5 

16 
3 
5 


2,021 

169 

20 

7 
12 

208 

1,613 
110 
109 
62 
147 
188 


2,004 

89 

5 

13 


17 

SO 

15 

7 
1 

101 

411 

110 

53 

L46 

64 
246 




Other Non-Empire Countries 




Tourist and Travel 




Interest and Dividends 




Freight and Shipping 




Other Current Items 




Total 




91 

1,379 

34 
209 
247 
139 


9 

92 

142 

53 

155 

107 

149 


107 

1,202 

56 
208 

211 

434 




Total Non-Empire Countries 

Merchandise Trade (Adjusted) (1) 

Net Exports of Non-monetary Gold 




Tourist and Travel 




Interest and Dividends 




Freight and Shipping 




Other Current Items 




Total Current Account 




1,998 

1,898 

100 


2,008 

1,917 

91 


10 

19 

9 


2,229 

2,021 

208 


2,111 

2,004 

107 


118 

17 

101 




Total Current Account — United States 




Other Non-Empire 
Total Non-Empire 




1,998 


2,008 

774 


10 

774 


2,229 


2,111 
602 


118 
602 




Sub-Total 




1,998 
143 
657 


2,782 
9 


784 

143 

657 

9 

7 


2,229 

55 

543 


2,713 
102 


484 

55 

543 

102 

12 




Special U.S. Dollar Transactions'" . . 








Mutual Aid 




Balancing Item <8> 









The above estimates are taken from "The Canadian Balance of Inter- 
national Payments, 1926-1944" recently released by the Dominion Bureau 
of Statistics. 

Merchandise trade entries are compiled to show as far as is possible the 
actual transfers of funds connected therewith rather than the physical 
movement of goods as recorded in the trade returns. Under wartime 
conditions there were frequently considerable deviations between the two 
series particularly in the case of munitions and other inter-governmental 
transactions. Exports however do include "Mutual Aid" exports for which 
no foreign exchange is received and hence unless adjusted by the offsetting 
debits under that heading they are not a measure of foreign exchange 
receipts. The treatment of these transactions nevertheless does conform 
with the general principle followed, in that records of payments rather 
than exports, have been used. 

I'Other Current Items" under the headings "United Kingdom" and 
"Other Empire Countries" include Canadian war expenditure overseas, 
and war service receipts (such as those connected with air training and 
internment operations). These two component items are shown separately 
in the summary table for "Total Empire Countries." 

It should be noted that Canada's Non-Empire Balance of Payments 
Estimates do not coincide strictly with total receipts and disbursements 
of U.S. funds. Included in the estimates are items such as for example 
sterling and Canadian dollar transactions with Non-Empire countries. 



the gift of wheat to Greece and mutual aid to U.S.S.R., China and France. 
However apart from mutual aid in the years concerned a set of estimates 
based solely on U.S. dollar transactions would not differ extensively from 
the above form of presentation. 

(4) Details on the capital transactions are shown in table XV, page 45, "The 
Canadian Balance of International Payments, 1926-1944". (See foot- 
note*). See also comments in the text. 

(5) Consisting of U.S. dollars, received from the United Kingdom in part 
settlement of the deficiency with Canada. 

(6) Some further details on capital account between Canada and Non-Empire 
countries, respecting new issues and retirements and transactions in 
outstanding securities are shown in table XVI, page 46. "The Canadian 
Balance of International Payments, 1926-1944." (See footnote *). 
See also comments in the text. 

(7) Other current receipts from the United States declined in 1944 largely 
owing to completion of U.S. projects in Canada such as the Alaska High- 
way; payments under this heading rose sharply in 1944 chiefly as a result 
of the Canadian government's purchase from the U. S. government of 
airfields and other military facilities, and other war expenditure in the U.S. 

(8) Reflects possible errors and the omission of certain factors which cannot 
be measured statistically such as changes in the timing of payments for 
goods and services, etc. 



-. rf 



VJ\- 1 . - 1>\_»V. ±»<l 



Millions of Dollars 



PROFIT STATISTICS : SUMMARY STATEMENT 



IX— FINANCIAL STATISfN 



Fiscal Year Nearest to Calendar Year 



Net Operating Profit (Before Depreciation)"' 

Depreciation 

Investment and Other Non-Operating Income (Net). . . 
Bond Interest (incl.Exchange&Amortizationof Discount) 

Net Profit before Income & E. P. Tax Provision"' 

Income & E. P. Tax Provision (ex. Refundable Portion) 

Net Income to Stockholders' 

Forced Saving (Refundable Portion of Excess Profits Tax) 

Net Income Available for Dividends"' 



1936 



388 

107 

46 

49 

278 
49 

229 



229 



1937 1938 1939 1940 1941 1942 1943 1944 



468 

115. 

50 

48 

355 

62 

293 



293 



405 
111 

48 
46 

296 



243 



243 



484 

119 

44 

46 

363 

74 

289 



289 



610 

141 

40 

48 

461 

176 

285 



285 



755 

172 
43 
46 

580 
272 

308 



308 



826 

194 

37 

45 

624 
314 

310 

19 

291 



790 

188 

38 

43 

597 
306 

291 

34 

257 



722 

160 

40 

42 

560 
282 

278 

28 



250 



Net Income Paid Out in Cash Dividends. . . 
Undistributed Income (ex. Forced Saving)"' . 



184 
45 



219 
74 



234 
9 



223 
66 



225 
60 



225 
83 



209 
82 



198 
59 



197 
53 



NET INCOME TO STOCKHOLDERS : INDUSTRIAL CLASSIFICATION 



Grain Mill Products 

Food 

Drink 

Tobacco 

Leather 

Rubber. 

Primary Textiles 

Clothing 

Wood Products, (incl. Logging) . . 

Pulp and Paper 

Paper Products 

Printing and Publishing 

Iron, Steel and Products 

Machinery 

Electrical Machinery & Eqt 

Gold Mining 

Other Non-ferrous Metals 

Non-metallic Minerals (ex. Fuels) 

Coal and Natural Gas 

Petroleum 

Chemicals 

Paints and Polishes 

Wholesale Trade & Service 

Retail Trade & Service 

Electric Utilities 

Communications 

Transportation and Storage 

Grain Elevators 

Total of 686 Companies 



Number 
of 
Com- 
panies 



7 
52 
16 

3 

12 

7 

34 

26 

24 
26 
26 
12 

51 
58 
24 

39 
18 
23 
16 
10 
29 
13 

63 
35 

22 

6 

20 

14 



686 



1936 



1.3 

8.8 

11.4 

6.7 

.5 
1.7 
7.0 

.9 

1.1 
1.3 
1.5 
1.1 

6.3 
5.9 
4.2 

38.5 
59.5 

1.8 

3.8 

30.0 

8.3 

.9 

3.0 

3.3 

12.3 

6.9 

.1 

.7 

228.8 



1937 



1.4 

8.5 

13.7 

7.0 

.6 
1.6 
6.6 
1.0 

1.5 
6.7 
2.2 
1.4 

11.7 

12.6 

7.2 

40.4 
85.0 
4.4 
4.0 
33.0 
9.9 
1.0 

3.8 

4.9 

14.6 

7.7 
.8 



292.7 



1938 



8.5 

12.3 

7.0 

.4 
2.3 
4.6 

.1 



.3 
1.8 
1.1 

8.3 

11.0 

6.0 

43.4 

56.6 

4.8 

3.9 

30.7 

9.0 

.7 

2.8 
4.9 
14.0 
8.0 
1.2 
1.5 

242.6 



1939 



2.1 
14.5 
12.1 

7.2 



2.4 
9.7 
1.5 

2.1 

7.7 
2.0 
1.4 

13.7 
8.8 
6.1 

43.3 

68.6 

5.4 

4.6 

27.2 

12.2 

1.3 

4.6 
5.7 
14.2 
8.1 
1.4 



2S9.5 



1940 



2.2 

10.5 

11.5 

6.7 

.7 
2.3 
8.6 
1.3 

1.5 

15.5 

1.9 

1.2 

13.2 
13.3 

6.6 

40.7 

67.4 

4.9 

4.2 

22.9 

11.0 

1.3 

4.4 
5.6 
14.1 
8.2 
2.2 
1.6 



285.5 



1941 



2.0 
11.3 
13.9 

6.4 

.5 
3.2 
9.9 
1.8 

1.9 

16.8 

2.4 

1.2 

14.3 

18.5 

7.5 

36.7 

74.1 

5.4 

3.8 

21.4 

11.4 

1.3 

4.7 
6.8 
14.S 
9.8 
4.0 
2.0 

307.8 



1942 



Net 
Income 
to Stock' 
holders 



1.9 
12.6 
16.9 

6.6 

.9 

4.9 

10.7 

2.3 

1.9 

13.0 

2.5 

1.1 

16.0 
22.4 



29.1 

73.0 

5.7 

3.6 

19.9 

10.3 

1.5 

5.1 
7.4 
16.8 
9.9 
3.4 
1.8 



310.0 



of 

■which:- 
Forced 
Saving 



.5 
.3 

.1 

.6 

1.9 

.3 

.2 
.4 
.3 
.1 

2.1 
3.4 
1.6 

.1 
1.2 
.3 
.1 
.1 
.4 
.1 

.5 
.8 
1.3 
.8 
.4 



18.7 



1943 



Net 
Income 
to Stock- 
holders 



2.6 
12.5 
16.8 

6.6 



4.1 
8.8 
2.2 

1.7 

12.2 

2.3 

1.2 

15.8 

20.0 

8.3 

22.4 

68.1 
4.5 
3.4 

21.8 
9.1 
1.4 

5.5 
7.9 
16.9 
9.3 
2.6 
2.6 



291.4 



■which:- 
Forced 
Saving 



.9 
2.0 
1.5 

.3 

.2 
.8 
.9 
.6 

.3 

1.0 

.6 

.1 

3.1 
6.9 
2.0 



2.3 
.6 
.2 
.3 
.6 
.2 

1.0 
2.0 
1.8 
2.0 
.5 
.8 



33.5 



1944 



Net 
Income 
to Stock- 
holders 



2.8 
13.0 
17.0 

6.6 

.9 
3.6 
9.9 

2.4 

1.2 

14.4 

2.4 

1.2 

14.7 

18.6 

9.1 

16.4 
58.5 
3.9 
3.5 
21.5 
9.9 
1.5 

4.9 
9.2 
16.0 
9.5 
2.6 
2.4 



277.6 



of 
which: 
Forcei 

Savin. 



2.8< - 
.2 

! 



1.5 
.6 
.2 

1.9 
3.7 
1.7 



1.5 
.5 

.3 
.8 
.3 

1.0 

2.1 

.9 

2.0 

.4 

.5 



28.5 



(i) 



The tabulation includes all those companies with 1941 assets over S200.000 

for which consistent reports were available from 1936-1944. The accounts 

of certain companies which were available in some 01 all ol the 

not comparable throughout the period and had to be excluded. The material 

is of course, subject to all the limitations and qualifications which apply to 

the basic accounting statements. 

For purposes of comparability any special capital charges made against 



(2) 



income account in company reports have been added back as well at 

"contingent" and "general " reserves. Special inventor) imount 

ing to .5. .7. .3. 1.7. 5.4. 10.6. 6.2, 3.5, and 4.S in the years 1936-1J' 

respectivelj ), whether shown by the company in operating r\; 

adjustment to earned surplus, have been deducted in arriving at N'ei 

Operating Profit. 

Includes deferred development and depletion provision amounting 

10.6, 10.1. 9.6. 10.3, 10.3, 9.8. 8.4, 6.1 in the years 1936-1941 respectively. 



lOCT. - NOV. 1945 



i>4 



I 686 COMPANIES : 1936-44 

da SOURCE AND USE OF FUNDS AND BALANCE SHEET 



Millions of Dollars 



Fiscal Year Nearest to Calendar Year 



1936 



1937 1938 1939 1940 



1941 



1942 



1943 



1944 



SOURCE AND USE OF FUNDS ( 



Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) . . . 
Cash Dividends 

Undistributed Profits (incl. Refundable EPT) 

Depreciation Charges'" 

Other Non-cash Charges Against Current Income <3> 

Total Funds From Current Income 

Issue of Common Stock 

.Increase in Misc. Liabilities (less Misc. Assets)' 4 ' 

Total Net Sources of Funds 



229 


293 


243 


289 


285 


308 


310 


291 


184 


219 


234 


223 


225 


225 


209 


198 


45 


74 


9 


66 


60 


83 


101 


93 


107 


115 


111 


119 


141 


172 


194 


188 


4 


3 


2 


4 


3 


4 


3 


2 


156 


192 


122 


189 


204 


259 


298 


283 


10 


17 


14 


9 


9 


6 


4 


- 


9 


1 


17 


10 


13 


19 


18 


- 


157 


208 


119 


188 


226 


284 


320 


283 


91 


139 


107 


99 


121 


162 


128 


80 


39 


65 


19 


51 


124 


141 


20 


50 


7 


12 


17 


24 


5 


- 


6 


3 


- 


- 


- 


- 


- 


- 


19 


34 


7 


20 


5 


18 


22 


26 


15 


14 


2 


2 


1 


7 


3 


2 


- 


6 


146 


238 


77 


185 


265 


331 


182 


181 


11 


30 


42 


3 


39 


47 


138 


102 


157 


208 


119 


188 


226 


284 


320 


283 



278 
197 



81 

160 

2 



243 

6 

13 



236 



Net Use of Funds 

Investment in Plant, Property and Equipment . 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . 

Redemption of Funded Debt 

Redemption of Preferred Stock 



Sub-Total 

increase in Working Capital ex. Inventories. . 

Total Net Uses of Funds. 



100 
32 

2 
28 
30 

9. 



130 
106 



236 



YEAR END BALANCE SHEET 



Net Working Capital and Other Assets. 

lash 

Marketable Securities 

Zurrent Accounts Receivable 

Inventories "' 



Total Current Assets 

Zurrent Accounts Payable 

3ank Loans 

\ccrued Taxes Payable 

\ccrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax. 
Plant, Property and Equipment (Net) (6) . 
Investment in Other Companies (Net) 0) . . 

joodwill, Franchises, etc 

Miscellaneous Assets' 8 ' 

Miscellaneous Liabilities'" 



Total. 



209 


221 


237 


259 


285 


345 


342 


360 


208 


192 


180 


172 


191 


225 


352 


487 


235 


250 


236 


290 


359 


440 


476 


430 


508 


573 


555 


606 


730 


870 


896 


946 


1,160 


1,236 


1,208 


1,327 


1,565 


1,880 


2,066 


2,223 


135 


153 


129 


160 


211 


282 


322 


332 


91 


99 


79 


89 


95 


151 


156 


167 


58 


74 


66 


86 


187 


285 


253 


241 


32 


31 


31 


36 


34 


35 


34 


30 


844 


• 879 


903 


956 


1,038 


1,127 


1,301 


1.453 


- 


- 


- 


- 


- 


- 


19 


53 


2,431 


2,447 


2,437 


2,412 


2,393 


2,388 


2,328 


2,226 


299 


313 


300 


318 


312 


307 


298 


294 


148 


143 


125 


121 


118 


116 


114 


113 


95 


89 


80 


85 


81 


83 


81 


76 


52 


48 


48 


52 


66 


82 
3,939 


98 


101 


3,765 


3,823 


3,797 


3,840 


3,876 


4,043 


4,114 


991 


969 


963 


958 


922 


894 


878 


861 


33 


41 


37 


32 


37 


39 


43 


45 


549 


532 


525 


523 


504 


500 


499 


489 


1,454 


1,483 


1,481 


1,487 


1,515 


1,500 


1,505 


1,509 


738 


798 


791 


840 


898 


1,006 


1,118 
4,043 


1,210 
4,114 


3,765 


3,823 


3,797 


3,840 


3,876 


3,939 



400 
543 
409 
914 



2,266 

340 

136 

224 

32 

1,534 

81 

2,158 

293 

113 

72 
94 

4,157 



Capital and Surplus 

funded Debt' 10 ' 

.oans from Parent and Other Companies (Net)" 1 '. 

Preferred Stock Outstanding 

Zommon Stock Outstanding 

Earned Surplus and Surplus Reserves' 12 ' 

Total 



832 
46 

487 
1,515 
1,277 

4,157 



1) The Source and Use of Funds statement is designed to show net cash 
received from all sources and paid out for all purposes; revaluations or 
purely bookkeeping transactions which affect items of the Balance Sheet, 
particularly Plant, Property and Equipment, Preferred and Common Stock 
Outstanding and, in a few instances, Funded Debt, are not reflected in the 
Source and Use of Funds Statement. 

2) Includes depletion and deferred development. 

3) Includes amortization of bond discount. 

4) After adjustments relating to tax accruals and other transactions of 
previous years. 

5) Special wartime inventory reserves have been deducted. 



(6) Reserves for depreciation and depletion have been deducted. 

(7) Includes current accounts receivable from subsidiaries and fixed investment 
in subsidiaries less current and non-current accounts payable to subsidiaries. 

(8) Includes bond discount and other deferred charges, deferred development, 
etc. 

(9) Includes pension fund reserves, insurance reserves and advance payments 
on government contracts. 

(10) Bonds and Mortgages outstanding less sinking fund. 

(11) Includes non-current liabilities to other companies. 

(12) Includes contingent and general reserves, capital surplus and the refund- 
able portion of the Excess Profits Tax. 



-i 



ii-sl/c-a. iy* 



INDEX 1945 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tabids Charts 

A 

Agriculture 

Dairy Products: cash income 30 .... 30 

exports: value 17 

Field Crops: cash income 30 .... 30 

Government payments 67, 68 

Grains: acreage & production 45,74 

See also Grain Products and Wheat 
Income — see Farm Income 

Livestock: cash income 30 .... 30 

revenue freight loaded: volume 15, 44, 71 

See also Cattle & Meats 

Loans: chartered bank 6 .... 6 

Population: gainfully occupied 12 

Prices — see individual commodities or groups 

or Wholesale Price Indexes 
See also individual commodities or groups 

Aluminium 

Exports: value 17 

Asbestos 

Production: value & volume 18 

B 

Balance of International Payments 

Estimates: net current account balances 87, 88, 89, 90 

Bank Loans — See Chartered Banks 

Bank of Canada 

Assets M 

Deposits M, 37 

Foreign Exchange M 

Investments M, 37, 82 . . 82 

Liabilities . . > M 

Note Circulation — see also Note Circulation M, 37 

Reserve M, 37 

Banks — See Bank of Canada and Chartered Banks 

Bond Issues 

New Issues: Canada 9, 39, 69 

Retirements 9, 39, 69. 

Summary of Changes in Currency of Payment ' . 10, 39, 69 

See also GOVERNMENT Bonds 

Business Activity M 

c 

Canadian National Railways 

Bonds Outstanding: total gtd. & ungtd. l>v currency of payment . . 10 

Deficit . '..'... 83 

Loans from Dominion 83 

New Issues- — see Bond Issues 

Retirements— see Bond Issues 

Sinking Funds 10 

Capital Issues — See Bond Issues 

Carloadings 

Volume M 












, 



INDEX 1945 " 94 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Cash (Chartered Banks) M . . . . 2, 20, 34, 48, 62, 76 

Cash Income — See Farm Income and National Income 

Cash Ratio (Chartered Banks) M 

Cattle & Meats 

' Exports: value 17 

Central Electric Stations — See Electric Power 

Chartered Banks 

Assets M 

Cash M . . . . 2, 20, 34, 48, 62, 76 

Cash Ratio M 

Deposits: annual classification 5 

demand & notice M, 37 . . . 3, 5, 21, 35, 49, 63, 77 

total M, 37 . . . 1,2, 3 ,4, 19,20,21, 

22, 33, 34, 35, 36, 47, 
48, 49, 50, 61, 62, 63, 
64, 75, 76, 77, 78 

Investments M, 37, 82 4, 22, 36, 50, 64, 78, 82 

Liabilities M 

Loans: annual classification 6 

current 6 

total M, 37 ... 4, 22, 36, 50, 64, 78 

Note Circulation — see also Note Circulation M, 37 

Security Holdings- — see Investment (above) 

Chemicals & Allied Products 

Exports: value 17 

Imports: value 32 

Net Income to Stockholders 40 

Clothing 

Retail Price Index 55 

Retail Sales Index 28, 56 

Coal 

Imports: value 32 

Production: value & volume 18 

Revenue Freight Loaded: volume 15, 44, 71 






Construction 

Contracts Awarded: value: residential IA .... 53 

Index of Value 29 

Population Gainfully Occupied • .... 12, 26 ... 12 

Value: by types 29 

Copper 

Production: value & volume 18 

Corporate Finance 

Source and Use of Funds 11, 91 

See Bond Issues and Interest & Dividends 

Corporate Profits 11,40,91,92 

Cost of Living Indexes 

Canada: component indexes 55 

Current Loans — See Chartered Banks: Loans 

D 

Dairy Products 

Cash Income 30 .... 50 

Exports: value 17 

Department Store Sales 

Index of Value M, 28, 56 

Deposit Certificates 

Amount Outstanding 9, 39, 69, 84 

Net New Issues or Retirements 9, 39, 69 



»» INULA 194 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Deposits — See Bank of Canada and Chartered Banks 

Dividends — See Interest & Dividends 
Dominion Finance — See Public Finance 

E 

Electric Power 

Exports 14, 43 

Production: volume M, 14, 43 . . 14,43 

Employment 

Index: by industries 26, 58 

total M, 26, 58 . . 25, 57 

Numbers: by industries 12, 26, 58 

increase by decades 12 

Exports — See External Trade 

External Trade 

Balance of Merchandise Trade — see Merchandise (below) 

Capital Receipts & Payments 89, 90 

Current Account Items 87, 88, 89, 90 

Exports: value: by commodities 17 

by countries 31, 54, 72 

Imports: value: by commodities 32 

by countries 31, 54, 72 

Invisible Items 87, 88, 89, 90 

Merchandise Trade Balance 31, 54, 72 

Merchandise Trade in Balance of International Payments . . . 87, 88, 89, 90 

Re-exports: value 31, 54, 72 

Retained Imports: value 31, 54, 72 

Tourist Trade: receipts & expenditures 87, 88, 89, 90 

F 

Farm Income 

Canada: by products 30 .... 30 

by regions 30 .... JO 

Farm Products 

Exports: value 17 

Revenue Freight Loaded: volume 15, 44, 71 . . 15, 44, 71 

Wholesale Price Index: Canada M 

U.S.A M 

Field Crops 

Cash Income 30 .... 30 

See also Wheat 

Food Products 

Net Income to Stockholders 40 

Retail Price Index 55 

Retail Sales Index 28, 56 

Wholesale Price Index: Canada M 

U.K M 

U.S.A M 

Foreign Exchange Control Board 83, 84 

Foreign Trade — See External Trade 

Forest Products 

Revenue Freight Loaded: volume 15, 44, 71 . . 15, 44, 71 

See also Newsprint, Timber, and Woodpulp & Pulpwood 

Fuel & Lighting 

Retail Price Index 55 

Funded Debt — See Public Finance 






„; ■• 



INDEX 1945 "96 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Furniture 

Retail Price Index 55 

Retail Sales Index 28, 56 






Gold 

Net Income to Stockholders 40 

Non-Monetary: exports: value 17, 31, 54, 72, 87, 

89, 90 

Total: production: value 18 

volume M, 18 



Government Bonds 

Amount Outstanding: by currency of payment and issuing body . . 10 

by currency of payment and distribution of holdings 82 . . .82 

New Issues 9, 39, 69 

Prices: Yields: domestic: Canada M . . . . 7, 8, 23, 24, 38, 51 , 

52, 65, 66, 79, 80 

UK M . . . . 8, 24, 38, 52 66,80 

U.S.A M . . . . 8, 24, 38, 52, 66, 80 

Retirements 9, 39, 69 

Sinking Funds 10 

See also Public Finance: Debt 

Government Finance — See Public Finance 

Grain & Products 

Exports: value 17 

Imports: value 32 

Revenue Freight Loaded: volume 15, 44, 71 

Grains 

Acreage & Production 45, 74 

See also Wheat 

I 

Imports — See External Trade 

Income — See Corporate Profits, Farm Income, Interest & 
Dividends and Payrolls 

Interest & Dividends 11,40,87,88,89,90, 

91, 92 

Iron 

Imports: value 32 

Production: value & volume 18 

Iron & Steel 

Exports: value 17 

Imports: value 32 

Net Income to Stockholders 40 



Lead 

Production: value & volume 18 

Livestock 

Cash Income 30 .... JO 

Revenue Freight Loaded: volume 15, 44, 71 

See also Cattle & Meats 

Loans — See Chartered Banks 

M 

Machinery 

Imports: value 32 

Net Income to Stockholders 40 



-i 



INDEX 1« 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



Tables 

Magnesium 

Production: value & volume 18 

Manufactures 

Loans: chartered bank 6 . . 

Net Income to Stockholders 40 

Revenue Freight Loaded: volume 15, 44, 71 

Wholesale Price Index: Canada M 

U.S.A M 

See also individual commodities or groups and 

Business Activity, Employment, Payrolls and Population 



Charts 



15, 44, 71 



Mercury 

Production: value & volume 



18 



Metals 

Production: value & volume 18 

Revenue Freight Loaded: volume 15, 44, 71 



Minerals 

Production of Certain Minerals: value & volume 



IS 



15, 44, 71 



Money 

Volume 

See also Bank of Canada and Chartered Banks 



37 



Municipal Finance — See Public Finance: Municipalities 
Mutual Aid 



89, 90 



N 



National Debt — See Public Finance 

National Income — See Corporate Profits, Farm Income and 
Payrolls 

Natural Gas 

Production: value & volume 






18 



New Issues — See Bond Issues 



Newsprint 

Canada: exports: value 17 

production: volume M, 16,42,59 

North America: supply, consumption & stocks 16,42,59 



Nickel 

Exports: value . 
Production: value 
volume 



17 
18 
M, 18 



Non-Ferrous Metals 

Exports: value 17 

Imports: value 32 

Net Income to Stockholders 40 

Non-Metallic Minerals 

Exports: value 17 

Imports: value 32 

Net Income to Stockholders 40 

Production: value & volume 18 

Revenue Freight Loaded: volume 15, 44, 71 



60 

16, 42, 59 






15, 44, 71 



Note Circulation 

Bank of Canada 

Bank of Canada Active & Chartered Bank 



M, 37 
M . 



1, 19,33, 47, 61, 75 



Index 1945 



^s^ 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



o 



Tables 



Charts 



Old Age Pensions — See Public Finance: Public Welfare 



Paper 

Imports: value 32 

Net Income to Stockholders 40 

See also Newsprint 

Payrolls 

By Industries 26, 58 ... 25, 57 

Index M .... 25, 57 

Petroleum 

Imports: value 32 

Net Income to Stockholders 40 

Production: value & volume 18 

Revenue Freight Loaded: volume 15, 44, 71 

Population 

Gainfully Occupied: by industries 12 .... 12 

Power — See Electric Power 

Prices — See individual commodities or groups, or 

Cost of Living, Retail Price Index, and Wholesale 
Price Indexes 

Production — See individual commodities or groups or 

Business Activity, Electric Power, and Manufactures 

Profits — See Corporate Profits 

Provincial Debt — See Public Finance: Provinces 






Public Finance 

Canadian National Railways — See Canadian National Railways 

Dominion 

Agriculture: payments 67, 68 

Balance at Bank of Canada M, 37 

Bonds — see Debt (below) and Government Bonds 

Cash Requirements 83 

Debt, Funded: direct and guaranteed: by currency of payment . 10 

by currency of payment & 

distribution of holdings . 82 . . 

direct (net) 84 

sinking funds 10 

Deposit Certificates — see Deposit Certificates 

Expenditure: by items 67, 68 

Family Allowance Payments 83 

Interest 67, 68 

Investments 83 

Loans 83 

New Issues — see Bond Issues 

Public Welfare 67, 68, 83 

Repatriation of Dominion Bonds payable in London .... 83 
Retirements — see Bond Issues 

Revenue: by items 67, 68, 84 

Sinking Funds 10 

Taxes: collection: by items 67,68,84 

Transportation: expenditures 67,68 

Treasury Bills — see Treasury Bills 

Veterans Pensions 67, 68 

War Expenditure 67, 68, 83 

War Savings Certificates and Stamps 84 

War Service Gratuities 83 



82 



:.;i 



3» IJNUtX KB 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Dominion and Provinces 

Grants in Aid 67, 68 

Subsidies 67, 68, 83 

Tax Agreements: transfers 67, 68 

Municipalities 

Debt Outstanding: by class of municipality and province . . 85, 86 

Education: expenditures 67,68 

Expenditure ' 67, 68, 85 

Interest 67, 68 

Loans: chartered bank 6 

Public Welfare 67, 68, 83 

Revenue 67, 68, 85 

Sinking Funds 86 

Taxes: collection: by items 67,68,85 

Transportation: expenditures 67, 68 

Provinces 

Debt Outstanding: direct & guaranteed: by currency of payment . 10 
See also Government Bonds 

Education: expenditures 67, 68 

Expenditure 67, 68 

Interest 67, 68 

Loans: chartered bank 6 

New Issues — see Bond Issues 

Public Welfare 67, 68 

Retirements — see Bond Issues 

Revenue 67, 68 

Sinking Funds 10 

Succession Duties 67, 68 

Taxes: collection: by items ' . 67,68 

Transportation: expenditures 67, 68 



R 

Railways (Steam) 

Car Loadings M 

Revenue Freight Loaded: by products . 15, 44, 71 15, 44, 71 

Raw Materials 

Wholesale Price Index: Canada M 

U.S.A M 

Relief — See Public Finance: Public Welfare 

Rent 

Index 55 

Retail Price Index 28, 56 ... 27, 55 

Retail Sales 

Index of Value 28, 56 ... 27, 55 



Securities — See Banks, Bond Issues, 
Government Bonds and Public Finance 

Security Prices — See Government Bonds 

Silver 

Production: value & volume 18 

Steel 

Production: volume M 









SfDEX 1945 100 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

T 

Taxes — See Public Finance 

Textiles 

Imports: value 32 

Net Income to Stockholders 40 

See also Clothing 

Timber 

Volume Used 60 

See also Forest Products 

Tourist Trade (International) 

Receipts & Payments 87, 88, 89, 90 



T 



reasury Bills 

Canada, U.K., & U.S.A.: tender rate M 

Dominion Government: amount outstanding 9,39,69,84 

net new issues or retirements .... 9, 39, 69 

u 

Unemployment Insurance 84 

V 

Vehicles & Parts 

Exports: value 17 

Imports: value 32 

w 

Wages — See Payrolls 

War Materials 

Exports: value 17 

Imports: value 32 

Wheat 

Acreage & Production 45, 74 ... 46,73 

Exports: volume 73 

Government Expenditure 84 

Net Trade 46 

Statistical Position 73 

Yield Per Acre 46,73 

Wheat & Flour 

Exports: volume . . . . ' 73 

See also Grains 

Wholesale Price Indexes 

Canada M 

U.K M 

U.S.A M 

Woodpulp & Pulpwood 

(Distribution 60 
Exports: value 17 
volume 60 
Net Income to Stockholders 40 
See also Forest Products 



Zinc 

Production: value & volume 18 




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